An ad valorem tax is a local property tax that is assessed on the value of an owner’s residence and property. What Is an Ad Valorem Tax? How Are Ad Valorem Taxes Calculated and Assessed? The Bottom ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is commonly used ...

If you own a home, you have paid an ad valorem tax. If you own a car, same thing. In fact, if you've ever bought anything in the United States, you have paid an ad valorem tax. These taxes are based ...