   
|
|
Ad Valorem Tax
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
An ad valorem tax is a tax based on a calculated percentage of the value of property or goods. The "ad valorem" in ad valorem tax is a Latin term meaning "according to value." Many local governments derive a majority of their revenue from various ad valorem taxes. Legislatures set the size of the ad valorem tax rate and tax assessors determine the value of property that will be subject to such an ad valorem tax. Property taxes assessed on real estate properties are a type of ad valorem tax. An ad valorem tax can also be imposed on imported goods (i.e. import tariffs) or certain transferred property (i.e. inheritance tax). The ad valorem tax may be imposed at the time of purchase or on a periodic basis (i.e. annual basis). If imposed at the time of purchase, an ad valorem tax can be considered the equivalent of a sales tax or a value added tax (i.e. VAT).
Rate this ad valorem tax definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: annual return, inflation, deferred tax, margin rate, open position, command economy, diluted share, current ratio, Key Rate Duration, in escrow, labor relations, option premium, cancelled check, deferred revenue, FICO score, 1035 exchange, stock split, LIBOR, average price per share, class C shares, wholly-owned subsidiary, stock market close, irrevocable trust, liquidity ratio, ex-dividend date, balance sheet, limit order, risk management, ex-dividend, Zero Cost Collar, quality assurance, 1031 exchange, FTSE, covered put, implied volatility, dividends payable, real GDP, APR, debt service coverage, 144a, minority interest, phantom income, 401a, VIX, required rate of return, per diem, EBITDA, reverse mortgage, retained earnings
|
|
| |