ad valorem

adjective

ad va·​lo·​rem ˌad-və-ˈlȯr-əm How to pronounce ad valorem (audio)
: imposed at a rate percent of value
ad valorem tax on goods
compare specific entry 1 sense 5b

Examples of ad valorem in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Production and ad valorem taxes increased to $2.6 million from $1.4 million, reflecting higher oil and natural gas liquid revenues. Quartz Bot, Quartz, 14 Nov. 2024 In 1789, the ad valorem duties of 5%-15% were imposed on most imports not otherwise excluded from tax and included china, stone, and glassware. Kelly Phillips Erb, Forbes, 12 Oct. 2024 Hartford is the largest of the MDC’s eight member municipalities and contributes the largest portion of ad valorem property taxes at 26.1%. Staff Report, Hartford Courant, 8 Aug. 2024 Generating revenue McKinney National Airport generated $3.5 million of ad valorem tax revenue in the tax year 2022, with the FBO being the catalyst that helps drive the activity that generates the revenue. Haeven Gibbons, Dallas News, 24 July 2023 See all Example Sentences for ad valorem 

Word History

Etymology

New Latin ad valōrem "according to the value"

First Known Use

circa 1754, in the meaning defined above

Time Traveler
The first known use of ad valorem was circa 1754

Dictionary Entries Near ad valorem

Cite this Entry

“Ad valorem.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ad%20valorem. Accessed 21 Dec. 2024.

Legal Definition

ad valorem

adjective
: imposed at a rate based on a percent of value
an ad valorem tax on real estate
Etymology

Latin, according to the value

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!