ad valorem tax

noun

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

Word History and Origins

Origin of ad valorem tax¹

First recorded in 1690–1700

Example Sentences

Paragraph 357 (quoted above) is ruled to cover them and they are thus subject to a 20% ad valorem tax.

From Project Gutenberg

An ad valorem tax would most certainly have quite eliminated the fifty, the one hundred, and the two hundred per cents of profit.

From Project Gutenberg

An ad valorem tax is one levied with reference to the value of the article.

From Project Gutenberg