Definition of ad valorem tax Ad valorem tax
We found 2 definitions of ad valorem tax from 2 different sources.
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What does ad valorem tax mean?
WordNet
Noun |
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| ad valorem tax - a tax levied on the difference between a commodity's price before taxes and its cost of production | ||
| VAT, value-added tax | ||
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Wiktionary 
- ad valorem tax (Noun)
A tax that is assessed as a proportion of the value of the property being taxed.
