ad valorem tax

(redirected from ad valorem)
Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.

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 ?
When signature debit cards were introduced in the 1990s, Visa and MasterCard charged merchants ad valorem rates equal to their credit cards.
The authorizing bond documents in Strand clearly stated that no bondholder could compel the exercise of the ad valorem taxing power of the county or any other governmental entity, including the state.
Extending our analysis to long-run equilibrium, where entry and exit provides an additional market equilibrating mechanism and where firms always earn zero profits, we show that an equal-revenue switch from unit to ad valorem taxation has welfare effects on consumers through two channels.
Thus, higher ad valorem taxes would mean lower output and a higher price.
Ad Valorem, out of the Grade 1-placed Relaunch mare Classy Women, was unbeaten at two, including in the Group 1 Middle Park Stakes.
Ad Valorem (9-2) moved up to challenge going into the Dip and, after quickly getting on top, he had plenty in reserve to hold the late charge of Rebuttal (9-1) by three-quarters of a length.
Provisions in the bill would prevent local statutory interest rates applied to unpaid ad valorem taxes from being discounted down to Internal Revenue Code's prime rate.
Koenig [21] compares administered prices, a quota system, and a tax system in which both a specific and an ad valorem tax are applied to the externality-generating good.
The GO bonds are secured by the city's full faith and credit and unlimited ad valorem taxing power.
The 24-1 shot - beaten in a $50,000 claiming race at Aqueduct last November - ran as well as the more intensely discussed Europeans ran badly, with Echo Of Light propping up the field and Ad Valorem finishing immediately in front of him.
JAMIE SPENCER will be reunited with Ad Valorem at Churchill Downs on Saturday, when the four-year-old will be one of three Aidan O'Brientrained challengers in the Breeders' Cup Mile.