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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

When a property owner within the city and/or school district is late in paying ad valorem tax, however, a 1 percent per month penalty is assessed in addition to the base amount.

From Washington Times Aug. 16, 2015

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

Revenue is derived from an ad valorem tax on all imports; the purchase and sale of animals; from royalties on trading concessions, and in other ways, including fees for the administration of justice.

From The Project Gutenberg Encyclopedia Volume 1 of 28 by Project Gutenberg

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