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ad valorem tax
(redirected from ad valorem)

    Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson 0.04 sec.
Ad Valorem Tax
A tax based on the assessed value of real estate or personal property. In other words ad valorem taxes can be property tax or even duty on imported items. Property ad valorem taxes are the major source of revenues for state and municipal governments.

Notes:
The term ad valorem is actually Latin for according to value.

Ad valorem tax
A type of tax calculated based on percentage of gross or stated value. For example, VAT.
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.
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The Texas Court of Appeals had previously held that the assessment of ad valorem property tax on shipping containers used in international commerce owned by a domestic corporation violated the Foreign Commerce Clause of the U.
U.S. Supreme Court vacates and remands Texas decision striking down ... by Mims-Velarde, Rebecca F. / The Tax Adviser
2%, over the prior year period and the recognition of $39,000 of franchise and ad valorem taxes associated with the equity of the Company and the Association, respectively.
Home Federal Bancorp, Inc. of Louisiana Reports Net Earnings For the ... by Business Wire
6 million limited ad valorem tax bonds, series 2006.
Fitch Rates Gulf County, Florida's $10.6MM Limited Ad Valorem Tax ... by Business Wire
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