When a matter is added to the Real Estate tracking module additional text categories that have been set-up in your LAWTRAC application become available.


These additional text categories are there to aid those who need more information about the property beyond the data points that are available.


Click Here to begin researching more about the Real Estate module.

When a matter or a contract are added to the real estate module many additional data elements are added.


Also, special text categories can be identified as "Real Estate Only" so you can create entries for things like 'Situs' or property descriptions.

The real estate term "Ad Valorem" (or you may see it as one word "AdValorem") is one of the data items available in the Real Estate module.


An ad valorem tax is a tax based on the assessed value of real estate or personal property.


Ad valorem taxes can be property tax or even duty on imported items. Property ad-valorem taxes are the major source of revenues for state and municipal governments.


An ad valorem tax is typically imposed at the time of a transaction (a sales tax or value-added tax (VAT)) but it may be imposed on an annual basis (property tax) or in connection with another significant event (inheritance tax or tariffs). The alternative to ad-valorem taxation is a fixed-rate tax, where the tax base is the quantity of something, regardless of its price.