Ad Valorem

The Real Estate Tax Notice is a combined notice of Ad Valorem Taxes and Non-Ad Valorem Assessments.  The Tangible Personal Property Tax Notice is exclusively an Ad Valorem Tax.  Ad Valorem taxes are based on the property value less any exemptions granted multiplied by the applicable millage rate.

Taxing Authorities are responsible for setting Ad Valorem Millage Rates each year.  The Taxing Authorities are: Board of County Commissioners, Marion County School Board, Municipalities (cities/towns), and Water Districts.

A millage rate is the rate of tax per thousand dollars of taxable value.  To determine the Ad Valorem tax, multiply the taxable value by the millage rate and divide by 1,000.  For instance, $100,000 in taxable value with a millage rate of 5.0000 would generate $500 in taxes.