ad valorem
adjective
ad va·lo·rem ˌad-və-ˈlȯr-əm 
: imposed at a rate percent of value
ad valorem tax on goods
compare specific entry 1 sense 5b 
Example Sentences
Recent Examples on the Web The theme park giant has already paid the ad valorem taxes on all the properties, as required by Florida law to challenge an assessment. 
Stephen Hudak, Orlando Sentinel, 28 June 2022 The Birmingham Industrial Development Board last month agreed to abate noneducational ad valorem and sales and use taxes for 10 years for the project. William Thornton | Wthornton@al.com, al, 22 Nov. 2021 Design of this plate doesn’t change and registrant is exempt from registration fees and ad valorem taxes for the first plate. Leada Gore | Lgore@al.com, al, 3 June 2022 The district itself has the ability to levy ad valorem taxes at a higher millage rate than the neighboring counties and to issue bonds to fund construction and other kind of projects within the boundaries. Tax Notes Staff, Forbes, 1 June 2022 The legislation extends the number of years that churches or religious groups can be exempted from ad valorem taxes on potential construction land, so long as it is attached to the place of worship. Cayla Harris, San Antonio Express-News, 1 Jan. 2022 An ad valorem tax rate of $1.2920, which will generate a 14.7% increase in revenue for maintenance and operations. Annie Blanks, San Antonio Express-News, 3 Nov. 2021 The ad valorem city tax is about 30% of your tax bill, with county and school taxes accounting for similar amounts. Nick Sortal, sun-sentinel.com, 14 Oct. 2021 Seminole expects to collect an additional $8.9 million in ad valorem revenues for the county’s general fund over this current fiscal year, which ends on Thursday. Martin E. Comas, orlandosentinel.com, 28 Sep. 2021 See More
Stephen Hudak, Orlando Sentinel, 28 June 2022 The Birmingham Industrial Development Board last month agreed to abate noneducational ad valorem and sales and use taxes for 10 years for the project. William Thornton | Wthornton@al.com, al, 22 Nov. 2021 Design of this plate doesn’t change and registrant is exempt from registration fees and ad valorem taxes for the first plate. Leada Gore | Lgore@al.com, al, 3 June 2022 The district itself has the ability to levy ad valorem taxes at a higher millage rate than the neighboring counties and to issue bonds to fund construction and other kind of projects within the boundaries. Tax Notes Staff, Forbes, 1 June 2022 The legislation extends the number of years that churches or religious groups can be exempted from ad valorem taxes on potential construction land, so long as it is attached to the place of worship. Cayla Harris, San Antonio Express-News, 1 Jan. 2022 An ad valorem tax rate of $1.2920, which will generate a 14.7% increase in revenue for maintenance and operations. Annie Blanks, San Antonio Express-News, 3 Nov. 2021 The ad valorem city tax is about 30% of your tax bill, with county and school taxes accounting for similar amounts. Nick Sortal, sun-sentinel.com, 14 Oct. 2021 Seminole expects to collect an additional $8.9 million in ad valorem revenues for the county’s general fund over this current fiscal year, which ends on Thursday. Martin E. Comas, orlandosentinel.com, 28 Sep. 2021 See More Word History
Etymology
New Latin ad valōrem "according to the value"
First Known Use
circa 1754, in the meaning defined above
Legal Definition
ad valorem
adjective
ad va·lo·rem ˈad-və-ˈlōr-əm, ˈäd-vä-ˈlō-rem
: imposed at a rate based on a percent of value
an ad valorem tax on real estate