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Meaning of ad valorem tax | Babel Free

Noun CEFR C1

Definitions

A tax that is assessed as a proportion of the value of the property being taxed.

CEFR level

C1

Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

ad verecundiam ad vivum Ad- ad-hoc polymorphism ad-hocism ad-hockery