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Definition of Ad valorem tax
1. Noun. A tax levied on the difference between a commodity's price before taxes and its cost of production.
Definition of Ad valorem tax
1. Noun. A tax that is assessed as a proportion of the value of the property being taxed. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Ad Valorem Tax
Literary usage of Ad valorem tax
Below you will find example usage of this term as found in modern and/or classical literature:
1. Preventing Tobacco Use Among Young People: A Report of the Surgeon General by M. Joycelyn Elders (1997)
"An alternative might be to replace the excise tax with an ad valorem tax, ...
The federal government imposes an ad valorem tax on large cigars only, ..."
2. Lawyers' Reports Annotated by Lawyers Co-operative Publishing Company (1905)
"It is an ad valorem tax, and any enactment by a legislature that it is a specific
rax does not make it so; otherwise the legislature could determine what ..."
3. Acts Passed at the ... Session of the General Assembly for the Commonwealth by Kentucky (1878)
"That the county court of Trigg county, a majority of Majority of jus- the justices
of said county being present and concurring ad valorem tax. therein, ..."
4. The American and English Encyclopaedia of Law by David Shephard Garland, James Cockcroft, Lucius Polk McGehee, Charles Porterfield (1904)
"In laying an ad valorem tax, a valuation oí the property of each person or
corporation liable to b'j taxed is an absolute necessity. ..."
5. Cyclopedia of American Government by Andrew Cunningham McLaughlin, Albert Bushnell Hart (1914)
"In general, the taxes imposed on railroads fall into two main classes: (1) an ad
valorem tax; (2) a specific tax. The first may be levied on the value of ..."
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