What is the meaning of ad valorem tax?

Subtopics: "according to its value" 

noun

  • A tax levied on the difference between a commodity's price before taxes and its cost of production.
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APAWordNet. (2010). Ad Valorem Tax. Retrieved September 29, 2026, from http://smartdefine.org/ad_valorem_tax/definitions/1254736
ChicagoWordNet. 2010. "Ad Valorem Tax" http://smartdefine.org/ad_valorem_tax/definitions/1254736 (accessed September 29, 2026).
HarvardWordNet 2010, Ad Valorem Tax, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/ad_valorem_tax/definitions/1254736>.
MLAWordNet. "Ad Valorem Tax" 23 October 2010. Web. 29 September 2026. <http://smartdefine.org/ad_valorem_tax/definitions/1254736>
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