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Definitions from WordNet
Adverbial ad valorem has 1 sense
- ad val, ad valorem - in proportion to the estimated value of the goods taxed; "the goods were taxed ad valorem"
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Definitions from the Web
Ad Valorem
Part of Speech: Adjective, Noun
Definitions:
- (Adjective) Imposed, assessed, or charged in proportion to the value of an item or transaction.
- (Noun) A type of taxation based on the assessed value of property or goods.
Examples:
Adjective:
- The ad valorem tax on luxury cars is higher compared to regular vehicles.
- Import duties are often calculated as a percentage of the ad valorem value.
Noun:
- The government implemented an ad valorem tax on real estate to fund public infrastructure.
- Many countries rely on ad valorem tariffs to protect local industries.
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