Ad Valorem

C2 16+

Pronunciation: /æd vəˈlɔːrəm/

Definitions of ad valorem

adjective relating to a tax or duty imposed based on the value of the item being taxed

Example Sentences

A1 An ad valorem tax is a tax based on the value of a transaction or property.

A2 The ad valorem stamp duty on property purchases varies depending on the value of the property.

B1 Ad valorem pricing is commonly used in the retail industry to calculate sales tax.

B2 The ad valorem tariff on imported goods is determined by a percentage of the goods' value.

C1 Ad valorem duties are often imposed on luxury items to generate revenue for the government.

C2 Understanding the implications of ad valorem taxation requires a deep knowledge of economic principles.

adverb in a manner related to the value of the item being taxed

Example Sentences

A1 The ad valorem tax is calculated based on a percentage of the item's value.

A2 The ad valorem fee is applied to imported goods at the border.

B1 The ad valorem rate for property taxes varies by location.

B2 The ad valorem system is commonly used for determining customs duties.

C1 The ad valorem principle is often applied in international trade agreements.

C2 The ad valorem approach allows for more flexibility in taxation policies.

Examples of ad valorem in a Sentence

formal The import tax is calculated ad valorem based on the value of the goods.

informal The sales tax is ad valorem, meaning it's a percentage of the total purchase price.

slang I hate paying ad valorem taxes on my property because they keep going up.

figurative Her love for him was ad valorem, increasing with each passing day.

Grammatical Forms of ad valorem

past tense

ad valoremmed

plural

ad valorems

comparative

more ad valorem

superlative

most ad valorem

present tense

ad valorems

future tense

will ad valorem

perfect tense

have ad valorem

continuous tense

is ad valoremming

singular

ad valorem

positive degree

ad valorem

infinitive

to ad valorem

gerund

ad valoremming

participle

ad valoremmed

Origin and Evolution of ad valorem

First Known Use: 1601 year
Language of Origin: Latin
Story behind the word: The term 'ad valorem' originated from Latin
Evolution of the word: Originally used in the context of taxes or duties calculated as a percentage of the value of goods, the term 'ad valorem' has expanded to also refer to any tax or fee that is based on the assessed value of an item or property.