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ad valorem
[ ad vuh-lawr-uhm, -lohr- ]
adjective
- in proportion to the value (used especially of duties on imports that are fixed at a percentage of the value as stated on the invoice).
ad valorem
/ æd vəˈlɔːrəm /
adjective
- (of taxes) in proportion to the estimated value of the goods taxed Abbreviationad vala.v.A/V
Word History and Origins
Origin of ad valorem1
Word History and Origins
Origin of ad valorem1
Example Sentences
The budget adopted by the board also calls for doubling the MWD’s property tax assessment in its six-county area — the first such increase to its ad valorem tax rate in over 30 years.
There will also be a 1% ad valorem tax based on sales for miners that post a profit.
Otherwise, lawmakers should initiate efforts to end collection of the Confederate pension ad valorem tax.
Just as the company - which was recently purchased by Signify - had requested an ad valorem tax abatement on more than $1 million in capital investment, it also became public it was cutting hundreds of jobs.
Bobby Rolston of Occidental Petroleum Corporation cautioned that asking operators to true-up, or adjust, tax payments on a monthly basis to meet the new ad valorem payment schedule could be costly.
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