Ad valorem tax
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Definition of the noun ad valorem tax
What does ad valorem tax mean as a name of something?
- a tax levied on the difference between a commodity's price before taxes and its cost of production
Alternative definition of the noun ad valorem tax
- A tax that is assessed as a proportion of the value of the property being taxed.
Ad valorem tax: An ad valorem tax is a tax based on the value of real estate or personal property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax. However, an ad valorem tax may also be imposed on an annual basis, as in the case of a real or personal property tax, or in connection with another significant event. In some countries a stamp duty is imposed as an ad valorem tax.
- also known as 從價稅
Printed dictionaries and other books with definitions for Ad valorem tax
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Oil Economics and Policy (2000)
by Alberto Clo
An ad valorem tax is a tax not paid in a fixed amount per physical unit, but in a fixed percentage of the relative price. The higher the price, the greater the monetary amount paid. The depletion allowance, on the other hand, is the exact opposite: ...
by Cram101 Textbook Reviews
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, ...
by Steven H. Gifis
AD VALOREM TAX see tax [VALUE ADDED TAX]. ADVANCE moneys paid before payment is legally due, such as.
Encyclopedia of Texas (2001)
by Nancy Capace
NO STATE AD VALOREM TAX LEVY; COUNTY LEVY FOR ROADS AND FLOOD CONTROL; TAX DONATIONS. From and after January 1, 1951, no State ad valorem tax shall be levied upon any property within this State for general revenue ...
Encyclopedia of Oklahoma (1999)
by Nancy Capace
Qualifying manufacturing concern - Ad valorem tax exemption For the purpose of inducing any manufacturing concern to locate or expand manufacturing facilities within any county of this state, a qualifying manufacturing concern shall be ...
A Dictionary of Accounting (2016)
by Jonathan Law
*Value added tax is an ad valorem tax.
by Patricia Fernando, Chandrabanu Samaraweera
Ad valorem tax A tax proportional to the price of the object being taxed. Advance Amount paid or received for a transaction occurring in the future, e.g. cash paid in advance for travel expenses. Proof of expenditure must be handed over by the ...
by Gerald N. Hill, Kathleen Hill
support obligations, inheritance rights, ad valorem tax a tax that is calculated and custody. an adult can also adopt “according to value” of property, ...
Quick Reference by Stephen Michael Sheppard
AD VALOREM TAX See: TAX, AD VALOREM TAX. AD VERECUNDIAM See: FALLACY, AD VERECUNDIAM. ADAGE A statement of venerable truth. ADD-ON OR PRECOMPUTED INTEREST OR STRAIGHT-LINE INTEREST OR RULE of 78s ...
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Video about Ad valorem tax
Ad valorem tax Meaning
Video shows what ad valorem tax means. A tax that is assessed as a proportion of the value of the property being taxed.. Ad valorem tax Meaning. How to ...
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