ad valorem

American  

[ad vuh-lawr-uhm, -lohr-] / æd vəˈlɔr əm, -ˈloʊr- /

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 British  

/ æd vəˈlɔːrəm /

adjective

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

---

Etymology

Origin of ad valorem

< Latin: literally, according to the worth

Example Sentences

An executive order published by the White House on Thursday said that "certain agricultural products shall not be subject to the additional ad valorem rate of duty imposed."

From Barron's

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

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.

From Washington Times