ad valorem

ad va·lo·rem

A0101800 (ăd′ və-lôr′əm)adj. In proportion to the value: ad valorem duties on imported goods.

[New Latin ad valōrem : Latin ad, to, according to + Late Latin valōrem, accusative of valor, value.]

ad valorem

(æd vəˈlɔːrəm) adj, adv (Economics) (of taxes) in proportion to the estimated value of the goods taxed. Abbreviation: ad val, a.v. or A/V [from Latin]

ad va•lo•rem

(æd vəˈlɔr əm, -ˈloʊr-)
adj., adv. in proportion to the value: used esp. of a tax. [< Latin: literally, according to the worth]

ad valorem

- A type of customs duties, from Latin, meaning "in proportion to the value."See also related terms for proportion.

ad valorem

A Latin phrase meaning in proportion to the value of something.

Thesaurus

Adv.

ad valorem - in proportion to the estimated value of the goods taxed; "the goods were taxed ad valorem"ad val

Translations

ad valorem

Ad Valorem

According to value.

The term ad valorem is derived from the Latin ad valentiam, meaning "to the value." It is commonly applied to a tax imposed on the value of property. Real property taxes that are imposed by the states, counties, and cities are the most common type of ad valorem taxes. ad valorem taxes can, however, be imposed upon Personal Property. For example, a motor vehicle tax may be imposed upon personal property such as an automobile.

An article of commerce may be subjected to an ad valorem tax in proportion to its value, which is determined by assessment or appraisal.

Duties, taxes on goods imported or brought into this country from a foreign country, are either ad valorem or specific. An ad valorem duty is one in the form of a percentage on the value of the property, unlike a specific duty that is a fixed sum imposed on each article of a class, such as all Swiss wristwatches, regardless of their individual values.

Cross-references

Taxation.

ad valorem

adj. Latin for "based on value," which applies to property taxes based on a percentage of the county's assessment of the property's value. The assessed value is the standard basis for local real property taxes, although some place "caps" (maximums) on the percentage of value (as under Proposition 13 in California) or "parcel taxes" which establish a flat rate per parcel.

ad valorem

‘according to the value’, often used in the context of taxes and duties.

AD VALOREM. According to the value. This Latin term is used in commerce inreference to certain duties, called ad valorem duties, which are levied oncommodities at certain rates per centum on their value. See Duties; Imposts;Act of Cong. of March 2, 1799, s. 61 of March 1, 1823 s. 5.

ad valorem

ad va·lo·rem

ad valorem

ad va•lo•rem

ad valorem

ad valorem

ad valorem

Ad Valorem

Cross-references

ad valorem

ad valorem

ad valorem

Synonyms for ad valorem

adv in proportion to the estimated value of the goods taxed

Synonyms