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The most common ad valorem tax is", "samples": [{"hash": "7igssd7t1VE", "uri": "https://clu-in.org/conf/tio/Enforcement201-13_030320/slides/1Slide_Presentation_for_Jim_Doyle_and_Michael_Mintzer,_Region_2.pdf", "label": "clu-in.org", "score": 9.2464065708, "published": false}], "hash": "fcdf1ba5aa035f040b44063298b72d25", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiITYWQtdmFsb3JlbSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 33, "title": "Ad valorem", "snippet": "is the Latin word that means \u2018on the value.\u2019 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.", "id": "ad-valorem", "examples": ["<strong>Ad valorem</strong> 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.", "<strong>Ad valorem</strong> taxes and special assessments for the current calendar year, shall be paid by the Seller.", "<strong>Ad valorem</strong> taxes, if any, relating to the Purchased Assets shall be prorated as of the Closing Date.", "<strong>Ad valorem</strong> 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&#x27;s pro rata portion of such taxes.", "<strong>Ad valorem</strong> 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&#x27;s prorata portion of such taxes.", "<strong>Ad valorem</strong> - In proportion to the estimated value of the goods taxed.", "<strong>Ad valorem</strong> taxes shall be prorated for the calendar year on the basis of the taxes determined from assessed valuation and established mill levy for the current year, if officially available; otherwise, the prior year&#x27;s assessed valuation and mill levy shall be used in computing the taxes.", "<strong>Ad valorem</strong> taxes and special assessments for the current calendar year, shall be prorated to date of closing.", "<strong>Ad valorem</strong> taxes and special assessments for the current calendar year, shall be prorated as of the date of closing.", "<strong>Ad valorem</strong> property taxes and any other governmental fees and assessments, property owner association fees and assessments, and any utility bills for which service cannot be terminated as of the Closing Date, together with rents and any other items of income and expense for the Property for the calendar year (or for any other applicable time period) in which the Closing takes place shall be prorated as of the Closing Date."], "related": [["taxes", "Taxes", "Taxes"], ["real-property-taxes", "Real Property Taxes", "Real Property Taxes"], ["real-property-tax", "Real Property Tax", "Real Property Tax"], ["property-taxes", "Property Taxes", "Property Taxes"], ["personal-property-taxes", "Personal Property Taxes", "Personal Property Taxes"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}