ad valorem tax


noun

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

Nearby words

  1. ad seg,
  2. ad us. ext.,
  3. ad utrumque paratus,
  4. ad val.,
  5. ad valorem,
  6. ad verbum,
  7. ad vitam,
  8. ad vivum,
  9. ad-,
  10. ad-lib

Origin of ad valorem tax

First recorded in 1690–1700

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019