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

Examples of ad valorem in a Sentence

Recent Examples on the Web

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

Still others may impose an ad valorem—meaning based on value—tax on the retail sales price. —Kelly Phillips Erb, Forbes, 20 Apr. 2023

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

Etymology

Latin, according to the value