NOUN
- a tax levied on the difference between a commodity's price before taxes and its cost of production
How To Use ad valorem tax In A Sentence
- Your argument that alcohol tax would not be as regressive as most consumption taxes is premised on it being an ad valorem tax. Matthew Yglesias » Higher Taxes on Alcohol
- Its primary feature was that it substituted the specified dollar tariffs of the 1842 bill imposed irrespective of import commodity prices with ad valorem taxes, meaning percentage rates that would fluctuate with price. A Country of Vast Designs
- Both ad valorem taxes and specific duty are regular means of the levy of commodity tax.
- Killeen and Sid Miller of Stephenville, including an exemption from ad valorem taxes for 100 percent disabled veterans. Media Coverage August 2009
- Ad valorem taxes (mainly real property tax and sales taxes) are a major source of revenues for state and municipal governments, especially in jurisdictions that do not employ a personal income tax .
