ad valorem tax

noun

1. a tax levied according to the value of the property, merchandise, etc., being taxed.

Word History and Origins

Origin of ad valorem tax¹

First recorded in 1690–1700

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

Otherwise, lawmakers should initiate efforts to end collection of the Confederate pension ad valorem tax.

From Washington Times

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.

From Washington Times

But Blackjewel was just one of 98 taxpayers throughout the state that fell behind on ad valorem tax payments.

From Washington Times