noun a tax levied according to the value of the property, merchandise, etc., being taxed.
ad valorem tax 🔊 Listen to this noun a tax levied according to the value of the property, merchandise, etc., being taxed. Ad valorem tax | Economics Help Ad valorem tax | Evangel’s IB Economics Blog An increase in an Ad-valorem tax (VAT). Source (mentioned below Indirect Taxes (Government Intervention) | tutor2u Economics Share Facebook Twitter Google +