Definition of ad valorem
:imposed at a rate percent of value
- ad valorem tax on goods
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Origin and Etymology of ad valorem
Latin, according to the value
Law Dictionary
ad valorem
play
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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