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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.

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

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

Total imports somewhat increased, notwithstanding the imposition of a special 6 per cent. ad valorem tax.

From The Philippine Islands by Foreman, John

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