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Definition of ad valorem
: imposed at a rate percent of value ad valorem tax on goods — compare specific 5b
From the M-W Editors
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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