The Garfields Were Surprised to Learn That the Ad Valorem

question 20

Essay

The Garfields were surprised to learn that the ad valorem taxes on their personal residence have been increased for 2010.They have made no capital improvements to the residence and the property tax rate has not changed.Furthermore,they feel that property values have recently declined since several homes in the neighborhood are scheduled for foreclosure.What probably caused the property tax increase?

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Definitions:

Allocating Equipment

The process of distributing machinery, tools, or devices to areas or individuals where they are needed, based on an assessment of demand and available resources.

Construction Projects

Structured endeavors with a defined beginning and end, undertaken to create unique products, services, or results in the field of construction.

Single-use Plan

A strategy designed to address a specific, one-time issue or problem, not intended for repeated use.

Budget

An estimate of income and expenditure for a set period of time, often used as a plan for financial management and goal setting.