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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

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

From Washington Times Feb. 21, 2016

A 5% ad valorem tax would raise about $18 billion a year over the next five years.

From Time Magazine Archive

All exports shall pay an ad valorem tax of five per cent.

From Sophisms of the Protectionists by Horace White

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