ad valorem tax

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Definitions from WordNet

Noun ad valorem tax has 1 sense

VAT, value-added tax, ad valorem tax - a tax levied on the difference between a commodity's price before taxes and its cost of production
--₁ is a kind of excise, excise tax

Definitions from the Web

Ad Valorem Tax

Definition:

An ad valorem tax is a type of tax that is imposed on the value of a product or property. It is generally calculated as a percentage of the item's worth.

Sample Sentences:

1. Noun - General Sense:

The government levies an ad valorem tax of 10% on all imported luxury cars.

2. Noun - Local:

In our city, there is a local ad valorem tax that is added to the purchase price of all real estate properties.

3. Adjective:

The business owner was frustrated with the increased burden of ad valorem taxes, affecting their company's profitability.

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