ad valorem (Meaning)
ad valorem (r)
in proportion to the estimated value of the goods taxed
ad valorem ()
A term used to denote a duty or charge laid upon goods, at a certain rate per cent upon their value, as stated in their invoice, -- in opposition to a specific sum upon a given quantity or number; as, an ad valorem duty of twenty per cent.
Synonyms & Antonyms of ad valorem
No Synonyms and anytonyms found
ad valorem Sentence Examples
- The government introduced an ad valorem tax on imported luxury cars, making high-end vehicles more expensive for consumers.
- As a percentage of the property's market value, the ad valorem property tax increased for homeowners in the booming real estate market.
- Customs officials apply an ad valorem tariff on electronics, ensuring that the duty corresponds to the declared value of the goods.
- The ad valorem duty on precious metals was adjusted to reflect changes in the global market prices.
- Businesses often face challenges in calculating the ad valorem excise tax on products with fluctuating market values.
- Ad valorem fees on financial transactions are designed to generate revenue for the government without imposing a fixed monetary burden.
- The ad valorem approach to taxation is seen as equitable, with wealthier individuals paying a higher percentage of their income.
- Some argue that an ad valorem tax on environmental pollutants could incentivize industries to adopt cleaner practices.
- The ad valorem assessment on agricultural land considers factors such as soil quality and location in determining the tax rate.
- International trade negotiations addressed disparities in ad valorem tariffs to create a more balanced playing field for participating nations.
FAQs About the word ad valorem
in proportion to the estimated value of the goods taxedA term used to denote a duty or charge laid upon goods, at a certain rate per cent upon their value, as s
No synonyms found.
No antonyms found.
The government introduced an ad valorem tax on imported luxury cars, making high-end vehicles more expensive for consumers.
As a percentage of the property's market value, the ad valorem property tax increased for homeowners in the booming real estate market.
Customs officials apply an ad valorem tariff on electronics, ensuring that the duty corresponds to the declared value of the goods.
The ad valorem duty on precious metals was adjusted to reflect changes in the global market prices.
