An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed...
28 KB (4,337 words) - 22:45, 28 March 2024
tax most citizens are aware of is known as an ad valorem tax. This tax is used to fund general or day-to-day government operations. An ad valorem tax...
15 KB (2,228 words) - 16:13, 20 May 2024
Taxes and subsidies change the price of goods and, as a result, the quantity consumed. There is a difference between an ad valorem tax and a specific tax...
9 KB (1,500 words) - 21:35, 21 November 2023
Excise (redirect from Excise tax)
per unit tax, costing a specific amount for a volume or unit of the item purchased, whereas a sales tax or value-added tax is an ad valorem tax and proportional...
49 KB (6,968 words) - 00:22, 11 September 2024
is levied as a percentage of the price (say ad valorem tax) or as a fixed sum per unit (say specific tax). Both are graphically expressed as a shift of...
29 KB (4,448 words) - 15:21, 10 August 2023
sold, regardless of its price. Excise taxes, for instance, fall into this tax category. By contrast, an ad valorem tax is a charge based on a fixed percentage...
2 KB (300 words) - 12:21, 7 February 2024
consequences. Two main types of excise taxes are specific tax (tax imposed as fixed amount of money per unit) and ad valorem tax (tax imposed as the percentage of...
32 KB (4,536 words) - 12:35, 1 October 2024
property tax (whose rate is expressed as a percentage or per mille, also called millage) is an ad valorem tax on the value of a property. The tax is levied...
83 KB (10,884 words) - 17:09, 14 June 2024
being taxed. Nearly any type of tax can be an ad valorem tax. Direct tax is a tax paid by a person, as opposed to a tax levied on a business that the person...
13 KB (2,017 words) - 04:22, 26 December 2023
vehicle ad valorem tax and sales tax on vehicles. Non-motorized vehicles do not qualify for the TAVT system and are therefore subject to annual ad valorem tax...
171 KB (19,855 words) - 14:59, 19 September 2024