The ad valorem tax on personal use personalty is more often avoided by taxpayers than the ad valorem tax on business use personalty.

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Quizplus · Accepted Answer

This is because the ad valorem tax on personal use personalty is often based on self-reporting and is more difficult to enforce and verify compared to the ad valorem tax on business use personalty, which is typically monitored and audited by government agencies. Additionally, businesses have a greater incentive to comply with tax regulations to avoid penalties and maintain their reputation.

The Ad Valorem Tax on Personal Use Personalty Is More