A term used to denote a duty or charge laid upon goods, at a certain rate per cent upon their value, as stated in their invoice, -- in opposition to a specific sum upon a given quantity or number; as, an ad valorem duty of twenty per cent.
tariff. A government tax on imports assessed as a percentage of the value of the goods cleared through customs. For example, 10 percent ad valorem means the tariff is 10 percent of the value of the goods.
A Latin prefix meaning "according to value." Local and state governments levy taxes on real property based on the assessed value of the property. Two different pieces of property with the same assessed value have the same ad valorem tax.
from the Latin term meaning according to value or according to valuation; a term used in assessing and taxing property. property tax defined property taxes defined advalorem defined ad valorem defined definition of ad valorem tax defined ad valorem taxes defined definition of value tax defined valuation tax defined
In proportion to the value. 1. Insurance premium in respect all property insurance coverage is fixed mostly in relation to the insured value of the property. 2. Calculation of stamp duty on certain portfolio is related insured value under the policy. Ex. Marine Cargo and Personal Accident Insurances.
Latin for "according to the value." (1) An ad valorem duty is an import duty based on the value of an article as defined in the customs law of a particular country, rather than on weight or volume. A percentage of that value is charged, for example, 5% ad valorem. (2) A freight rate set at a certain percentage of the value of an article is known as an ad valorem rate.
According to value. Property Tax Overview Property Tax Assessment Equalization Review Board of Review State Property Tax Appeal Board Seven Steps to Appeal an Assessment Reasons for an Appeal Evidence Needed Informal Appeal Levies and Tax Rates Extension Collection and Distribution Assessment Administration Budget and Levy Cycle Definitions of Property Tax Terms
"According to value." A method of imposing a tax on the ownership of real property. greement for Sale: An agreement for the purchase of real estate property in which the purchase price is paid in installments and the title is not conveyed to the purchaser until the purchase price is paid in full.