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ad valorem tax

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.09 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 bonds are direct obligations of the district and are payable from an unlimited ad valorem tax levied against all taxable property located within the district.
Fitch Rates $22.4MM Vistancia CFD (Peoria, Arizona) GO Bonds 'BBB' by Business Wire
The bonds are direct obligations of the city, payable from the levy and collection of a direct and continuing ad valorem tax within the limits prescribed by law, on all taxable property located within the city.
Fitch Rates Seguin, Texas' GOs 'A+' 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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