Valorem Sentences

The valorem tax on his mansion was substantial, reflecting the high assessed value of the property.

When calculating valorem taxes, it is crucial to have accurate property valuations since they directly impact the amount of tax owed.

Under the valorem system, the tax rate was adjusted depending on the assessed value of each piece of land being taxed.

Valorem taxation ensures that wealthier individuals and organizations pay more in taxes as their assets are typically more valuable.

For the upcoming valorem tax assessment, the city's assessor's office is using modern technology to enhance property valuations.

The government implemented a new valorem tax to ensure equitable distribution of tax burden across the community.

Local authorities had to update their valorem tax rates based on the recent property value increases in the area.

To begin the valorem tax process, homeowners must first provide accurate information about the assessed value of their homes.

Historically, valorem taxation was criticized for being regressive, disproportionately affecting lower-income individuals.

The housing market boom led to a significant rise in valorem taxes for homeowners owing to the increase in property values.

Lawyers specializing in property law often advise clients on strategies to minimize valorem taxes during property transactions.

In the past, many countries relied on valorem taxation to generate the necessary revenue for public services.

Economists argue that valorem taxation can be more equitable than flat rate taxes when assessing the true value of assets.

Despite its advantages, valorem taxation also faces challenges, such as the difficulty in accurately valuing certain types of properties.

To avoid inflation-induced distortions in valorem tax assessments, regular adjustments are required.

As a result of recent economic growth, the city council decided to review the valorem tax system and make necessary adjustments.

Valorem taxation can be complex and controversial, often leading to disputes over the true value of properties being taxed.

The incidence of valorem tax is directly tied to the assessed value of the property, ensuring a fair distribution of tax burden.

With the new valorem valuation system, the city aims to streamline the tax assessment process and reduce administrative costs.