Skip to main content
Select Source:

Ad Valorem

AD VALOREM

According to value.

The term ad valorem is derived from the Latin ad valentiam, meaning "to the value." It is commonly applied to a tax imposed on the value of property. Real property taxes that are imposed by the states, counties, and cities are the most common type of ad valorem taxes. ad valorem taxes can, however, be imposed upon personal property. For example, a motor vehicle tax may be imposed upon personal property such as an automobile.

An article of commerce may be subjected to an ad valorem tax in proportion to its value, which is determined by assessment or appraisal.

Duties, taxes on goods imported or brought into this country from a foreign country, are either ad valorem or specific. An ad valorem duty is one in the form of a percentage on the value of the property, unlike a specific duty that is a fixed sum imposed on each article of a class, such as all Swiss wristwatches, regardless of their individual values.

cross-references

Taxation.

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"Ad Valorem." West's Encyclopedia of American Law. . Encyclopedia.com. 23 Aug. 2017 <http://www.encyclopedia.com>.

"Ad Valorem." West's Encyclopedia of American Law. . Encyclopedia.com. (August 23, 2017). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/ad-valorem

"Ad Valorem." West's Encyclopedia of American Law. . Retrieved August 23, 2017 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/ad-valorem

ad valorem

ad valoremahem, Belém, Clem, condemn, contemn, crème de la crème, em, gem, hem, Jem, LibDem, phlegm, pro tem, rem, Shem, stem, them •carpe diem, per diem •proem • idem • modem • diadem •mayhem • Bethlehem • ad hominem •ad valorem • brainstem •apophthegm (US apothegm)

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"ad valorem." Oxford Dictionary of Rhymes. . Encyclopedia.com. 23 Aug. 2017 <http://www.encyclopedia.com>.

"ad valorem." Oxford Dictionary of Rhymes. . Encyclopedia.com. (August 23, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/ad-valorem

"ad valorem." Oxford Dictionary of Rhymes. . Retrieved August 23, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/ad-valorem