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ad valorem taxes

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ad valorem tax

 
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–noun
a tax levied according to the value of the property, merchandise, etc., being taxed.
Origin:
1690–1700
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Tax Business Marketing
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Taxes
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Financial Dictionary

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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