Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...

Image by Jonathan Petersson from Pixabay Home improvement to accommodate residents of all ages and physical abilities not only add convenience and safety to the home, but also make good economic sense. "Aging in place" guidelines have been formulated to assure that housing of the future is designed to meet changing needs. Open floor plans are not only...