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
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
More than 3,800 taxpayers filed petitions last year with the VAB, a five-person panel created by the state Legislature to hear objections to assessments, taxing classifications, homestead exemptions and other property appeals, which can affect how much ad valorem tax the owner must pay.
—Stephen Hudak, orlandosentinel.com, 20 July 2021
See all Example Sentences for ad valorem 
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
More than 3,800 taxpayers filed petitions last year with the VAB, a five-person panel created by the state Legislature to hear objections to assessments, taxing classifications, homestead exemptions and other property appeals, which can affect how much ad valorem tax the owner must pay.
—Stephen Hudak, orlandosentinel.com, 20 July 2021
See all Example Sentences for ad valorem
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“Ad valorem.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ad%20valorem. Accessed 22 Sep. 2024.
Copy CitationLegal 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
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