ad valorem

adjective ad va·lo·rem \ ˌad-və-ˈlȯr-əm \

Definition of ad valorem

:imposed at a rate percent of value
  • ad valorem tax on goods
— compare specific 5b

Origin and Etymology of ad valorem

Latin, according to the value


Law Dictionary

ad valorem

adjective ad va·lo·rem \ ˈad-və-ˈlōr-əm, ˈäd-vä-ˈlō-rem \

legal Definition of ad valorem

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

Origin and Etymology of ad valorem

Latin, according to the value


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