Ad Valorem

/ˌæd vəˈlɔːrəm/adjective

Describing a tax or duty calculated as a percentage of the value of a transaction or property, rather than a fixed amount.

(of a tax) Calculated as a percentage of the value of the goods, property, or transaction involved.

Urdu

ایسا ٹیکس جو کسی چیز کی مقررہ رقم کے بجائے اس کی قیمت کے تناسب سے وصول کیا جائے۔

Hindi

ऐसा कर जो किसी वस्तु की निश्चित राशि के बजाय उसकी कीमत के अनुपात में लिया जाए।

Import duties in most countries are charged on an ad valorem basis.

Related words

Practice

The government imposed an tax based on the property's market value.