ad valorem

ad valorem
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 value
an ad valorem tax on real estate

Merriam-Webster’s Dictionary of Law. . 1996.

ad valorem
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. . 2006

ad valorem
(Latin) According to the value; in proportion to value.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

ad valorem
'according to the value', often used in the context of taxes and duties.

Collins dictionary of law. . 2001.

ad valorem
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. . 2010.

ad valorem
Latin "In proportion to its value."

Webster's New World Law Dictionary. . 2000.

ad valorem
According to value.

Dictionary from West's Encyclopedia of American Law. 2005.

ad valorem
According to value.
II To the value.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

ad valorem
   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. . 2013.

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  • Ad valorem tax — An ad valorem tax (Latin: according to value ) is a tax based on the value of real estate or personal property.An ad valorem tax is typically imposed at the time of a transaction (a sales tax or value added tax (VAT)), but it may be imposed on an …   Wikipedia

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