Ad valorem definition

Ad valorem is the Latin word that means ‘on the value.’ When the duty is levied as a fixed percentage of the value of the traded commodity, it is called as valorem tariff. Such duties are levied on the products the value of which is disproportionately higher compared to their physical characteristics such as weight or measurement. Eg: 15% tariff levied by Japan on U.S. automobiles.
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Ad valorem means a tax charged by some States in proportion to the estimated value of the vehicle
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Ad valorem means duties which are graduated according to the value of the taxable goods;
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Examples of Ad valorem in a sentence

  • Ad valorem property taxes, community association fees, solid waste and governmental fees and utility bills for which service cannot be terminated as of the date of closing shall be prorated as of the date of closing.

  • Ad valorem taxes and special assessments for the current calendar year, shall be paid by the Seller.

  • Ad valorem taxes, if any, relating to the Purchased Assets shall be prorated as of the Closing Date.

  • Ad valorem taxes for the Subject Property for the current calendar year shall be prorated as of the date of closing, and Seller shall pay to Purchaser in cash at closing Seller's pro rata portion of such taxes.

  • Ad valorem taxes for the Subject Property for the current calendar year shall be prorated as of the date of closing, and Seller shall pay to Purchaser in cash at closing Seller's prorata portion of such taxes.


More Definitions of Ad valorem

Ad valorem means the tariff was calculated as a percentage of the value of the import.
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Ad valorem means a tax imposed at the rate equal to a percentage of value.
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Ad valorem means according to value. The ad valorem tax on a property is computed by multiplying a tax rate by the property’s value.
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Ad valorem means high value cargo carried by Carrier at other than the normal ocean freight rates in Carrier’s tariff or published rates.
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Ad valorem means “proportional to the value of the thing taxed.” Black’s Law Dictionary
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Ad valorem in respect of Imports shall mean CIF value of imports, as accepted by the Customs on the Bill of Entry.
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Ad valorem means “according to value”, and an ad valorem tax is one that is imposed on the value of property. The most common ad valorem tax is
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