- Legal resources in plain English Home > Legal Definitions

Ad Valorem

adj. latin phrase for "according to the value." It is used in reference to certain duties, called ad valorem duties, which are levied on commodities at certain rates per centum on their value. Ad-valorem taxes can be property tax, duties on imported items. Typically these are imposed at the time of a transaction or sometimes in connection with a significant event (eg. inheritance tax). Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 All rights reserved