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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

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

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

From Time Magazine Archive

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

From Sophisms of the Protectionists by Horace White

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