Difference between revisions of "Ad valorem tax"
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| − | An '''''ad valorem | + | 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]]. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 19:18, November 17, 2008
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.