- ad valorem
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ad va·lo·rem /'ad-və-'lōr-əm, 'äd-vä-'lō-rem/ adj [Latin, according to the value]: imposed at a rate based on a percent of valuean ad valorem tax on real estate
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- ad valorem
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adjective
according to value, appraised, appraisement, assessable, assessment, charge, chargeable, charged, dutiable, duty, evaluated, excisable, imposition, leviable, levy, ratable, taxation, valorization, value added tax, valued at
associated concepts: ad valorem tax
Burton's Legal Thesaurus. William C. Burton. 2006
- ad valorem
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adj.(Latin) According to the value; in proportion to value.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- ad valorem
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'according to the value', often used in the context of taxes and duties.
Collins dictionary of law. W. J. Stewart. 2001.
- ad valorem
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In proportion to the value. In the case of ad valorem tax, the amount paid is proportionate to the value of the asset taxed.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- ad valorem
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Latin "In proportion to its value."
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
- ad valorem
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According to value.
Dictionary from West's Encyclopedia of American Law. 2005.
- ad valorem
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I
According to value.II To the value.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- ad valorem
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adj.Latin for "based on value," which applies to property taxes based on a percentage of the county's assessment of the property's value. The assessed value is the standard basis for local real property taxes, although some place "caps" (maximums) on the percentage of value (as under Proposition 13 in California) or "parcel taxes" which establish a flat rate per parcel.See also: property tax
Law dictionary. EdwART. 2013.
