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. Abbreviation: ad val.  a.v..  A/V. (of taxes) in proportion to the estimated value of the goods taxed

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.

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

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

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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.

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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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