ad valorem

[ ad vuh-lawr-uhm, -lohr- ]

adjective

1. 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

1. (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

< Latin: literally, according to the worth

Word History and Origins

Origin of ad valorem¹

from Latin

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.

From Los Angeles Times

There will also be a 1% ad valorem tax based on sales for miners that post a profit.

From Reuters

It also establishes a 1% ad valorem tax on copper sales from companies whose sales exceed 50,000 tonnes of fine copper, as well as an additional tax ranging from 8% to 26%, depending on the miner’s operating margin.

From Reuters

One is an ad valorem tax between 1% and 2% for companies that produce between 50,000 and 200,000 tonnes of fine copper a year and a rate between 1% and 4% for those that produce more than 200,000.

From Reuters

The company “plans to invest $17 billion in 6 million square feet of facilities adding $135 million in ad valorem taxes to Williamson County over a 30-year period,” according to a September resolution from county commissioners.

From Seattle Times