Definitions
There is 1 meaning of the phrase
Ad Valorem Tax.
Ad Valorem Tax - as a noun
A tax levied on the difference between a commodity's price before taxes and its cost of production
Hypernyms (Closely Related)
exciseexcise taxHyponyms (Broadly Related)
Example Sentences
"The city council voted to increase the ad valorem tax rate."
"Homeowners are required to pay an ad valorem tax on their property."
"The state employs a progressive ad valorem tax system."
"Tax assessors determine the value of properties for ad valorem tax purposes."
"The ad valorem tax was implemented as a means to generate government revenue."
