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

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

Such as ad valorem tax. —Dallas News, 11 Oct. 2020

The Alliance estimated a net benefit to schools of $8 million on non-abated ad valorem taxes and $1.5 million on sales and use taxes. —al, 31 Jan. 2023

The company will receive an abatement of the non‐educational sales and use taxes for equipment and building materials, and an abatement of the non‐educational ad valorem taxes for up to 10 years, totaling about $1.5 million. —William Thornton | [e-mail], al, 27 Jan. 2023

The amendment applies to cities that passed a special ad valorem tax authorized by Amendment 8 to the Alabama Constitution of 1901. —Mike Cason | [e-mail], al, 2 Nov. 2022

The theme park giant has already paid the ad valorem taxes on all the properties, as required by Florida law to challenge an assessment. —Stephen Hudak, Orlando Sentinel, 28 June 2022

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