Property Valuation
Under South Carolina's ad valorem tax system, 'ad valorem' means:
AAccording to location
BAccording to value✓ Correct
CAccording to use
DAccording to ownership
Explanation
Ad valorem is Latin for 'according to value.' Property taxes in South Carolina are ad valorem taxes—the amount owed is based on the assessed value of the property.
Related South Carolina Property Valuation Questions
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