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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Cities and towns rely on the unique relationship with theft constituents and expect payment on ad valorem taxes in exchange for services in cities and towns.
to compel by judicial action the levy of ad valorem taxation." (10) In a tax-increment financing transaction, the court held that the only obligation of the local government "is to appropriate a sum equal to any tax increment generated in a particular year from the ordinary, general levy of ad valorem taxes otherwise made in the city and county that year." (11) Miami Beach, following the brightline principle, validated the issuance of tax-increment financing bonds by a community redevelopment agency without requiring a referendum.
This result contrasts markedly with efficiency comparisons of specific and ad valorem taxes as revenue instruments.
The Town Hall's other top priorities included the idea that there should be a tax on services, but that a judicious approach is required, and authorizing a diverse tax base using ad valorem taxes, millages, implementation of Public Safety Districts, and the strategic use of taxes on services in a broad multi-prong approach to fund municipal governmental services.
The LTGO bonds are general obligations of the district payable from ad valorem taxes levied on all taxable property within the boundaries of the district, without limitation as to rate but limited as to amount by provisions of the statewide Limitation Law.
The series 2010 bonds are secured by the district's full faith and credit GO pledge, and are payable from unlimited ad valorem taxes. The district will use the bond proceeds to prepay a state trust fund loan.
The self-financing concept may be summarized as follows: (1) the TIF district undertakes the redevelopment project; (2) the redevelopment project increases the assessed value of the taxable property within the TIF district; (3) the increase in the taxable property value results in an increase in the amount of ad valorem taxes collected within the TIF district; and (4) this increase in ad valorem taxes, or "tax increment," is pledged to finance the redevelopment project.
George Gekas (R-Penn.), contained the Investment in Education Act, secured the local statutory rate for unpaid ad valorem taxes, limited payment plans for ad valorem taxed to six years, and clarified notice to government provisions.
An example of this disparity occurred in 1997, when the Tampa Port Authority was assessed for ad valorem taxes but the Port of St.
Consequently, the Ramsey rule applies to both demand and supply ad valorem taxes: that is, it is valid for an ad valorem tax be it levied on suppliers or consumers.(3) However, for a unit tax on the demand price, i.e., [P.sub.G] - [P.sub.N] = u, the inverse elasticity rule does not have its convenient forms.
Like all state questions, it requires a simple majority by voters to be approved.<br />Lawmakers this year approved Senate Joint Resolution 70, which sends to a vote of the people an amendment to the state constitution that would allow ad valorem taxes collected for a school building fund to be used for expenses associated with the general operations of a school district.