MLchartDataset catalogue

Ad valorem

Term · Law · MLC-T-LAW-000349

A Latin phrase meaning "according to value," used to describe taxes or duties levied as a percentage of the assessed value of an item or property. This type of taxation is common for real estate, personal property, and imported goods. Property taxes are a primary example of an ad valorem tax.

Table 1. Record
IdentifierMLC-T-LAW-000349
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000349",
  "term": "Ad valorem",
  "field": "Law",
  "definition": "A Latin phrase meaning \"according to value,\" used to describe taxes or duties levied as a percentage of the assessed value of an item or property. This type of taxation is common for real estate, personal property, and imported goods. Property taxes are a primary example of an ad valorem tax.",
  "url": "https://mlchart.com/terminology/law/ad-valorem/"
}

Record 113 of 5,439 in Law terminology (MLC-0107). Request the full dataset.