ad valorem

adjective
ad va·​lo·​rem | \ ˌad-və-ˈlȯr-əm How to pronounce ad valorem (audio) \

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 For comparison, in 2020, the average total water bill increased by 5.8% and the ad valorem tax, which primarily funds sewer operations, increased 6.9%. Steven Goode, courant.com, "Metropolitan District approves small increase in water fees for 2021," 15 Dec. 2020 The amendment permits the presence or production of oil to be considered when assessing the fair market value of a well for ad valorem property tax purposes. Bloomberg.com, "Illinois Faces Cuts, Tax Increases After Ballot Measure Fails," 4 Nov. 2020 In return, Rodgers said, officials estimate the project will offset that with $23.4 million in new ad valorem taxes, plus $12.9 million in new payroll related to the 200 direct jobs. al, "Incentives for steel mill expansion top $29 million," 13 Aug. 2020 The ad valorem increase would raise about $33 million for the school system, officials said. Leada Gore | Lgore@al.com, al, "Coronavirus school updates: Voters to decide on tax increase for schools; JeffCo goes virtual," 5 Aug. 2020 Allows voters to consider a constitutional amendment authorizing cooperative endeavor agreements between local governmental subdivisions and other entities that call for payments in lieu of ad valorem taxes. Washington Examiner, "Louisiana governor signs legislation expanding medical marijuana access," 17 June 2020 This type of deed does not affect the transferor’s homestead rights, their right to transfer or encumber the property, or their ad valorem tax exemptions. Wesley E. Wright, Houston Chronicle, "Elder Law: Texas Probate, although simple, some still try to avoid," 16 Apr. 2020 The first asked voters to allow the extension of a levy of an ad valorem tax that is not to exceed 1 mill for six years, starting this year, to pay for police and fire services. Christina Hall, Detroit Free Press, "Most ballot proposals approved in Wayne County," 11 Mar. 2020 Birmingham residents will be electing three city councilors and voting on the renewal of existing ad valorem (property) taxes that benefit Birmingham City Schools. Anna Beahm | Abeahm@al.com, al, "Birmingham special election: Poll information, results," 8 Oct. 2019

These 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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First Known Use of ad valorem

circa 1754, in the meaning defined above

History and Etymology for ad valorem

New Latin ad valōrem "according to the value"

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Time Traveler for ad valorem Time Traveler

The first known use of ad valorem was circa 1754

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Cite this Entry

“Ad valorem.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ad%20valorem. Accessed 9 Mar. 2021.

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More Definitions for ad valorem

ad valorem

adjective
ad va·​lo·​rem | \ ˈad-və-ˈlōr-əm, ˈäd-vä-ˈlō-rem How to pronounce ad valorem (audio) \

Legal Definition of ad valorem

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

History and Etymology for ad valorem

Latin, according to the value

Comments on ad valorem

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