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.
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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
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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
See all Example Sentences for ad valorem
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 22 Nov. 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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