ad val Sentence Examples

1. The ad valorem tax on luxury goods means that consumers pay a higher percentage of tax when purchasing expensive items.
2. Real estate transactions are subject to an ad valorem tax, with the tax rate determined by the property's assessed value.
3. The government implemented an ad valorem tariff on imported electronics, taxing a percentage of the total declared value.
4. In the business world, ad valorem assessments can significantly impact the overall cost of production for high-value goods.
5. The ad valorem system aims to create a fair tax structure, ensuring that individuals contribute proportionally to their financial capacity.
6. Local municipalities often rely on ad valorem property taxes to fund public services such as schools and infrastructure.
7. Customs officials calculate the ad valorem duty on imported goods based on their appraised value at the point of entry.
8. The ad valorem approach is preferred in some tax systems as it aligns with the principle of taxing individuals and businesses according to their financial capacity.
9. A key advantage of ad valorem taxation is its flexibility, adapting to changes in economic conditions and fluctuations in property or commodity values.
10. The international trade agreement established a maximum ad valorem rate for certain products to promote fair competition among member countries.

ad val Meaning

Wordnet

ad val (r)

in proportion to the estimated value of the goods taxed

Synonyms & Antonyms of ad val

No Synonyms and anytonyms found

FAQs About the word ad val

What is the meaning of the word ad val

in proportion to the estimated value of the goods taxed

What are the synonyms of the word ad val

No synonyms found.

What are the antonyms of the word ad val

No antonyms found.

What is the usage of word ad val

The ad valorem tax on luxury goods means that consumers pay a higher percentage of tax when purchasing expensive items.

Real estate transactions are subject to an ad valorem tax, with the tax rate determined by the property's assessed value.

How to use the word ad val in a sentence?

The government implemented an ad valorem tariff on imported electronics, taxing a percentage of the total declared value.

In the business world, ad valorem assessments can significantly impact the overall cost of production for high-value goods.