MLchartDataset catalogue

Ad valorem tax

Term · Law · MLC-T-LAW-000350

A tax assessed based on the monetary value of the taxed item or property. This type of tax is commonly applied to real estate, where the tax amount is a percentage of the property's assessed value. Customs duties on imported goods can also be ad valorem taxes.

Table 1. Record
IdentifierMLC-T-LAW-000350
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000350",
  "term": "Ad valorem tax",
  "field": "Law",
  "definition": "A tax assessed based on the monetary value of the taxed item or property. This type of tax is commonly applied to real estate, where the tax amount is a percentage of the property's assessed value. Customs duties on imported goods can also be ad valorem taxes.",
  "url": "https://mlchart.com/terminology/law/ad-valorem-tax/"
}

Record 114 of 5,445 in Law terminology (MLC-0107). Request the full dataset.