ad valorem tax

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ad valorem tax

[¦ad və¦lȯr·əm ′taks]
(petroleum engineering)
Property tax for oil-producing properties, assessed at a flat rate for each net barrel of oil produced.
References in periodicals archive ?
Cities and towns rely on the unique relationship with their constituents and expect payment on ad valorem taxes in exchange for services in cities and towns.
Importantly, the court noted that ad valorem taxes can be assessed on government-owned land.
16) Further, if the bond covenants of a special hospital district legally obligate the district to levy ad valorem taxes to provide the funds necessary to operate the hospital, the referendum requirement applies because the district indirectly obligated itself to exercise its tax powers.
In other words, the funds are measured by the ad valorem tax revenues attributable to increased taxable values, but they are not required to be appropriated from ad valorem taxes.
This requirement makes it clear that the power to compel the levy of ad valorem taxes is not given to the bondholder because the separate legal entity holding the tax-increment funds has no taxing power.
The result that market power strengthens the case for specific taxation contrasts markedly with analyses of specific and ad valorem taxes as revenue instruments under imperfect competition.
See, for example, Pogue and Sgontz [28] for computations of optimal specific taxes, and Phelps [27] for ad valorem taxes.
75 per $100 assessed valuation (AV) limitation, while the rate limitation on the certificates, which are also secured by ad valorem taxes, is $0.
The bonds are secured by ad valorem taxes levied against all of the village's taxable property, without limitation as to rate or amount.
The bonds will refund various outstanding general obligation bond issues and are secured by unlimited ad valorem taxes.
The bonds are ultimately secured by unlimited ad valorem taxes on all taxable property within the district, encompassing most of Montgomery and Prince George's Counties, Maryland.
The GO debt of the Washington Suburban Sanitary District earns Fitch's 'AAA' rating primarily because of the wealth and extraordinary diversity of the district's two-county tax base, upon which the Washington Suburban Sanitary Commission (WSSC) could levy unlimited ad valorem taxes, if needed, to cover bond debt service.