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ad valorem tax

American  

noun

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


Etymology

Origin of ad valorem tax

First recorded in 1690–1700

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

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

From Reuters Jul. 13, 2023

If for some reason the Revenue Committee doesn’t bring a bill that changes the ad valorem tax schedule, Von Flatern said he would.

From Washington Times Jun. 9, 2019

Wind projects receive a five-year ad valorem tax credit.

From Washington Times Feb. 21, 2016

What infuriated Arnstein most of all is Burma's 1% ad valorem tax on all merchandise in transit, a levy which would net the British possession's Government $1,000,000 on U.S. shipments to China.

From Time Magazine Archive

What he recommended was an ad valorem tax upon slaves,—the value to be fixed by the owner, with an option to government to purchase at that price.

From Life of Harriet Beecher Stowe Compiled From Her Letters and Journals by Her Son Charles Edward Stowe by Stowe, Harriet Beecher

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