ad valorem

adjective

Meaning

Calculated as a fixed percentage of the assessed value of a good, service, or property.

Examples

Most states collect an ad valorem property tax based on the current market value of your home.
The tariff on imported electronics is an ad valorem duty, so more expensive items face higher fees.

Synonyms: proportional, value-based, percentage-based, ad valorem

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ad valorem

adjective

Pronunciation: /ˌæd vəˈlɔːrəm/

Definition

Calculated as a fixed percentage of the assessed value of a good, service, or property.

Examples

Most states collect an ad valorem property tax based on the current market value of your home.
The tariff on imported electronics is an ad valorem duty, so more expensive items face higher fees.

Synonyms of ad valorem

Words with a similar meaning to ad valorem:

Antonyms of ad valorem

Words with the opposite meaning to ad valorem:

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