Final answer:
An ad valorem tax is associated with Real Property Taxes and is based on the assessed value of property such as real estate. option (B)
Step-by-step explanation:
An ad valorem tax is a type of tax based on the assessed value of an item, such as real estate or personal property.
The most common example of an ad valorem tax is a property tax, which is imposed by local governments. This tax is primarily based on the fair market value of property and is considered to be progressive, as property ownership is often associated with higher income levels. Consequently, the ad valorem tax describes Real Property Taxes.