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

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

From Reuters • Jul. 13, 2023

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

From Washington Times • Feb. 21, 2016

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

Then, in August, Great Britain slapped the 75% ad valorem tax on all U.S. films.

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