Ad valorem - sustany/dvg GitHub Wiki

Ad valorem translated directly from Latin, means "according to [the] value [of something].��In practical use, the term is used in taxation to designate taxes levied against property, real or personal, at a certain rate based upon the property's value.�

An�ad valorem tax is levied according to the value of the property as determined by an assessment or appraisal.�Assessment on a regular basis is a common characteristic of an ad valorem tax.