Define: Ad Valorem

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Definition: Ad Valorem

Quick Summary of Ad Valorem

In proportion to the estimated value of the goods or transaction concerned.

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Related Phrases

What is the dictionary definition of Ad Valorem?

Dictionary Definition

Latin: According To Value

Denotes a tax, duty or commission calculated as a percentage of the total invoice value of goods or services. VAT (Value Added Tax) is an Ad Valorem tax.

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Examples of Ad Valorem in a sentence

Ad valorem duties are often levied on the basis of a product’s value.
An ad valorem tax is a tax based on the value of real estate or personal property.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/ad-valorem/
Modern Language Association (MLA):
Ad Valorem. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 09, 2020 https://payrollheaven.com/define/ad-valorem/.
Chicago Manual of Style (CMS):
Ad Valorem. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/ad-valorem/ (accessed: April 09, 2020).
American Psychological Association (APA):
Ad Valorem. PayrollHeaven.com. Retrieved April 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/ad-valorem/

Definition Sources

Definitions for Ad Valorem are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th July, 2019