Difference between revisions of "Ad valorem tax"
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An '''''ad valorem'' tax''' is a fixed [[percent]]age tax based on the price or value of the [[property]] being [[taxation|taxed]]. Examples of ''ad valorem'' taxes are [[sales tax]]es, [[property tax]]es and [[tariff|import duties]]. | An '''''ad valorem'' tax''' is a fixed [[percent]]age tax based on the price or value of the [[property]] being [[taxation|taxed]]. Examples of ''ad valorem'' taxes are [[sales tax]]es, [[property tax]]es and [[tariff|import duties]]. | ||
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Latest revision as of 22:41, January 13, 2009
An ad valorem tax is a fixed percentage tax based on the price or value of the property being taxed. Examples of ad valorem taxes are sales taxes, property taxes and import duties.