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View synonyms for ad valorem

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
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of ad valorem1

< Latin: literally, according to the worth
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Word History and Origins

Origin of ad valorem1

from Latin
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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.

From Reuters

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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