ad valorem tax

American  

noun

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

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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

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

But Blackjewel was just one of 98 taxpayers throughout the state that fell behind on ad valorem tax payments.

From Washington Times

When coal giant’s Peabody Energy and Arch Coal Inc. followed suit with their bankruptcy filings shortly after Alphas, they made a point of keeping up their ad valorem taxes, Christensen said.

From Washington Times