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 ?
September 2?October 18 Deadline for application for exclusion from tariffs imposed in retaliation for the $200 billion of imports from China (corresponding in amount to USTR List 3) subject to ad valorem duties in the United States.
The statute states that leases from government entities "shall be taxed only as intangible personal property." (13) The lessees argued in both cases that the statute eliminated the possibility of using the equitable ownership doctrine to hold them liable for paying ad valorem taxes on the underlying property.
The second section analyzes why card networks prefer charging ad valorem fees.
Grassick said: "Having enjoyed such an outstanding time with Danehill, we are naturally delighted to be standing Ad Valorem, another Group One-winning son of Danzig.
"It is not often we are cheering a Royal Ascot winner for Aidan O'Brien and Kieren Fallon, but the win of Ad Valorem in the Queen Anne rescued the day for us," said spokesman Paddy Power.
But the placed horses had got tightened up in the closing stages as Kieren Fallon made his move on the outside on Ad Valorem, edging left in the process.
Kurtz, MAI, joins SMG as director of Valuation Services where he will focus his practice on real estate valuations, partnership issues, eminent domain, purchase price allocations, ad valorem taxation, litigation support, public offerings, portfolio analysis and estate planning/ gifting.
Excise taxes take two basic forms: unit taxes based on quantity sold and ad valorem taxes based on sales value.
The tax increment financing concept may be summarized as follows: (1) the TIF district undertakes the project; (2) the project increases the assessed value of the taxable real property within the TIF district; (3) the increase in the taxable real property value results in an increase in the amount of ad valorem taxes collected within the TIF district; and (4) a portion of this increase in ad valorem taxes, or "tax increment," is pledged to finance the project.
KIEREN FALLON nips to Longchamp today to ride Ad Valorem in the Prix Jean Prat.
Under QTI classification, companies that generate "high wage" jobs are eligible for tax benefits, including refunds on corporate income, sales and ad valorem taxes.
For example, if duty at a rate of 6% ad valorem was paid on goods imported and valued at $100 in FY 2000, but in 2003 the importer retroactively increases its transfer price for the goods to $120 for FY 2000, the U.S.