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ad valorem tax
(redirected from ad valorem)

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
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.

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.



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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.
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.
6 million limited ad valorem tax bonds, series 2006.
 
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