ad valorem
adjective
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Definition of ad valorem
: 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
The motor vehicle title ad valorem increased by $110,000 and the insurance premium tax budget increased by $150,000. — Karen Huppertz, ajc, "Duluth adopts Fiscal Year 2019 budget," 15 June 2018 The Milton City Council, acting on local legislation passed earlier this year by the General Assembly, has put a question on the Nov. 6 ballot asking residents to approve a new homestead exemption from municipal ad valorem taxes. — David Ibata, ajc, "Milton OKs referendum on homestead exemption," 22 June 2018 Orange County currently funds Lynx from ad valorem (property taxes). — Scott Maxwell, OrlandoSentinel.com, "15 questions for the candidates for Orange County mayor. Where do they stand?," 24 May 2018 LAW Sabrina Weiss Robinson has joined Stearns Weaver Miller as a shareholder and will be leading the firm’s ad valorem tax group in the Miami office. — miamiherald, "Senior-level hires and promotions for the week of May 21, 2018 | Miami Herald," 21 May 2018 Senate Bill 98 provides authority to counties to abate ad valorem taxes for certain projects that qualify for the incentives under the Alabama Jobs Act. — William Thornton, AL.com, "Kay Ivey signs bill for Toyota-Mazda tax abatements," 7 Feb. 2018 The $600 million limit marks the amount Humble Independent School District determined could be included in the bond package without increasing ad valorem taxes. — Melanie Feuk, Houston Chronicle, "Humble ISD bond committee nears consensus," 8 Dec. 2017 According to Parker, the agreement stipulates that each school system will receive ad valorem taxes from residences within the boundaries of their system and share the 1-cent sales tax. — Paul Gattis, AL.com, "Battle over school taxes in Limestone County nears settlement," 8 Sep. 2017These example sentences are selected automatically from various online news sources to reflect current usage of the word 'ad valorem.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for ad valorem
ad valorem
adjective
\
Legal Definition of ad valorem
: imposed at a rate based on a percent of value an ad valorem tax on real estate
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