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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

Then, in August, Great Britain slapped the 75% ad valorem tax on all U.S. films.

From Time Magazine Archive

If it is an ad valorem tax, or, what is the same thing, a fixed proportion of the produce, such as tithe for example, it evidently lowers corn-rents.

From Principles Of Political Economy Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy by Mill, John Stuart

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