Difference between revisions of "Ad valorem tax"
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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]]. | 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]]. | ||
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Revision as of 03:25, April 2, 2007
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.