ad valorem tax

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Ad valorem tax

A type of tax calculated based on percentage of gross or stated value. For example, VAT.

Ad Valorem Tax

A tax calculated as a percentage of the value of an asset. Most property taxes are ad valorem taxes because the property owners owe a given percentage of the market value the property. Value-added taxes are another common example.

ad valorem tax

A tax that is computed as a percentage of the value of specific property. For example, many states levy an annual tax on the market value of an investor's securities as of a certain date. Also called property tax.

ad valorem tax

a TAX which is levied as a percentage of the price or value of a unit of OUTPUT. See VALUE ADDED TAX. Compare SPECIFIC TAX.

ad valorem tax

a TAX that is levied as a percentage of the price of a unit of output. See SPECIFIC TAX, VALUE-ADDED TAX.

ad valorem tax

Literally means “according to the value.”A tax placed upon property and calculated with reference to the value of the property. Ad valorem taxes usually have a super-priority, so that a sale for unpaid taxes will transfer title into the buyer, free and clear of any mortgages or other liens. On the other hand, lienholders are generally given the right to redeem property from tax sales, and regain all rights simply by reimbursing the purchaser for the sale price plus accrued interest.

References in periodicals archive ?
The authorizing bond documents in Strand clearly stated that no bondholder could compel the exercise of the ad valorem taxing power of the county or any other governmental entity, including the state.
First, the short-run results in Anderson, de Palma, and Kreider (2001b) focus on welfare comparisons of alternative forms of excise taxes and generally confirm the comparative efficiency advantage of ad valorem taxation previously found for markets with homogenous products.
Ad Valorem, out of the Grade 1-placed Relaunch mare Classy Women, was unbeaten at two, including in the Group 1 Middle Park Stakes.
The victory put Ad Valorem in the 2000 Guineas picture and his price was cut accordingly.
Shaw joined Coastal in Corpus Christi, Texas, in 1972 and has worked in the ad valorem tax department during his entire tenure with the company.
While there has been little consideration of differences between specific and ad valorem forms of Pigouvian taxation, the two tax forms have been compared in other contexts.
Spencer partnered Ad Valorem to all three of his wins during an unbeaten juvenile campaign in 2004, when he was stable jockey at Ballydoyle.
Computer assets are a frequent subject of ad valorem tax appeals by corporate taxpayers due to their large acquisition budgets and sharp technological obsolescence.
Limited ad valorem bonds are secured by a pledge of the city's limited ad valorem tax (subject to a 1.
Confirmation of that came yesterday, alongside an update from Ballydoyle declaring that the Aidan O'Brien-trained colt - who, like Hurricane Run, Aussie Rules and Ad Valorem, heads to Coolmore's Tipperary stud - is poised to bid for the Classic.
The district's ad valorem tax rate has slowly declined and now stands at .