Ad valorem

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Revision as of 06:02, 4 May 2016 by imported>Doug Williamson (Note size of amounts.)
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  1. Tax. A tax based on the value of a transaction, normally a percentage.
  2. More generally, any charge or fee based on the value of a transaction.


For large transactions, ad valorem taxes, charges and fees will also normally be very large, even if the percentage rates quoted sound modest.


See also

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