Related Searches
on Ask.com
Browse Nearby Entries
ad valorem tax
4 dictionary results for: Ad valorem tax
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
ad valorem tax
–noun
| a tax levied according to the value of the property, merchandise, etc., being taxed. |
[Origin: 1690–1700
]
]
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
WordNet - Cite This Source - Share This
| ad valorem tax | |
noun | |
| a tax levied on the difference between a commodity's price before taxes and its cost of production [syn: VAT] |
WordNet® 3.0, © 2006 by Princeton University.
Investopedia - Cite This Source - Share This
Ad Valorem Tax
A tax based on the assessed value of real estate or personal property. In other words ad valorem taxes can be property tax or even duty on imported items. Property ad valorem taxes are the major source of revenues for state and municipal governments.
Investopedia Commentary
The term ad valorem is actually Latin for according to value.
See also: Income Tax, Mill Rate
Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Wallstreet Words - Cite This Source - Share This
ad valorem tax
- A tax that is computed as a percentage of the value of specific property. For example, many states levy an annual tax on the market value of an investor's securities as of a certain date. Also called property tax.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
Share This:
Copyright © 2008, Dictionary.com, LLC. All rights reserved.