What does ad valorem tax mean?
Definitions for ad valorem tax
ad val·orem tax
This dictionary definitions page includes all the possible meanings, example usage and translations of the word ad valorem tax.
Princeton's WordNet
VAT, value-added tax, ad valorem taxnoun
a tax levied on the difference between a commodity's price before taxes and its cost of production
Wiktionary
ad valorem taxnoun
A tax that is assessed as a proportion of the value of the property being taxed.
Wikipedia
Ad valorem tax
An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). An ad valorem tax may also be imposed annually, as in the case of a real or personal property tax, or in connection with another significant event (e.g. inheritance tax, expatriation tax, or tariff). In some countries, a stamp duty is imposed as an ad valorem tax.
ChatGPT
ad valorem tax
An ad valorem tax is a tax whose amount is based on the value of a transaction or a property. It is typically imposed at the time of a transaction, like a sales tax or a value-added tax. The term "ad valorem" is derived from Latin, meaning "according to value". This type of tax is commonly used in property taxation, where the tax paid is a percentage of the property's value.
Wikidata
Ad valorem tax
An ad valorem tax is a tax based on the value of real estate or personal property. It is more common than a specific tax, a tax based on the quantity of an item, such as cents per kilogram, regardless of price. An ad valorem tax is typically imposed at the time of a transaction, but it may be imposed on an annual basis or in connection with another significant event. In some countries stamp duty is imposed as an ad valorem tax.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of ad valorem tax in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of ad valorem tax in Pythagorean Numerology is: 1
Examples of ad valorem tax in a Sentence
In light of the State of Florida's pledge to the District's bondholders, Reedy Creek expects to explore its options while continuing its present operations, including levying and collecting its ad valorem taxes and collecting its utility revenues, paying debt service on its ad valorem tax bonds and utility revenue bonds, complying with its bond covenants and operating and maintaining its properties.
Translations for ad valorem tax
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"ad valorem tax." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/ad+valorem+tax>.
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