2006-08-09 03:23:34 · 2 answers · asked by kathleen g 1 in Business & Finance ➔ Taxes ➔ United States
Well, I will give it my best shot.
"Ad valorem" means a sliding scale on taxable articles, items, etc. So if tea imported was $4 per pound, the rate would be higher than tea at $2 per pound. (Example: the $4 tea may be billed 4% and the $2 tea may pay only 2%). Non ad valorem would mean it was NOT this way, in other words everyone would pay 3% no matter how much the tea cost.
As far as I know the phrase is used for many things now, property tax, etc. However originally it was meant for excisabe articles - which usually meant imported.
I hope this helps.
2006-08-09 03:51:48 · answer #1 · answered by Patti C 7 · 0⤊ 0⤋
I think it is a property tax that is not attached to the property, meaning that they cannot lein against the property for the collection of said tax....
2006-08-09 10:49:24 · answer #2 · answered by 3eleven 4 · 0⤊ 0⤋