Valorem, ad valorem duty - significado y definición. Qué es Valorem, ad valorem duty
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Qué (quién) es Valorem, ad valorem duty - definición

TAX BASED ON VALUE OF TRANSACTION
Ad valorem; Ad Valorem; Ad-valorem

Ad valorem         
·- A term used to denote a duty or charge laid upon goods, at a certain rate per cent upon their value, as stated in their invoice, - in opposition to a specific sum upon a given quantity or number; as, an ad valorem duty of twenty per cent.
ad valorem         
[?ad v?'l?:r?m]
¦ adverb & adjective (with reference to tax or duty) in proportion to the value of the goods or transaction concerned.
Origin
L., 'according to the value'.
ad valorem         
adj. Latin for "based on value," which applies to property taxes based on a percentage of the county's assessment of the property's value. The assessed value is the standard basis for local real property taxes, although some place "caps" (maximums) on the percentage of value (as under Proposition 13 in California) or "parcel taxes" which establish a flat rate per parcel. See also: property tax

Wikipedia

Ad valorem tax

An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). An ad valorem tax may also be imposed annually, as in the case of a real or personal property tax, or in connection with another significant event (e.g. inheritance tax, expatriation tax, or tariff). In some countries, a stamp duty is imposed as an ad valorem tax.