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...

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...

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...

sales taxes and value-added taxes (VAT) are ad valorem taxes that are levied on the price or value of sale. Alcoholic beverages are heavily taxed, with...

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...

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...

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...

other than: (1) a property tax or ad valorem tax because of its ownership; (2) a tax per head tax or capitation tax by being present (very rare in the...

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...

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...