Customs And Import/Export Vocabulary

1 words in this vocabulary list

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

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

  • The import tax is calculated ad valorem based on the value of the goods.
  • The sales tax is ad valorem, meaning it's a percentage of the total purchase price.
  • I hate paying ad valorem taxes on my property because they keep going up.
  • Her love for him was ad valorem, increasing with each passing day.