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 ?
At trial, the court first determined that the County was legally authorized to assess ad valorem taxes on the improvements; but, the County was not legally authorized to assess ad valorem taxes on the land underlying the Portofino Condominiums.
VII, [section]12 of the Florida Constitution is triggered when a local government issues bonds that not only pledge the ad valorem taxing power, but also pledge any proceeds of ad valorem taxes.
For example, monopoly power affects both the level of an optimal Pigouvian tax [2; 22] and the welfare comparison between revenue-raising specific and ad valorem taxes [32].
Any levy of ad valorem taxes adopted by the county board of commissioners in excess of the millage rates approved by voters would be available but not legally pledged to pay debt service on the bonds.
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.
Despite its ability to levy ad valorem taxes in the member jurisdictions, WSSC covers district debt service from a diverse array of revenue sources: front-foot assessments on properties benefiting from water and sewer system improvements in addition to water and sewer service charges.
Proposition 1, which received more favorable votes than Proposition 2, applies only to the city's ad valorem taxes and water and sewer rate increases, while Proposition 2 pertains to all revenues of the city.
The 'F1+' rating on the cash flow notes reflects both the pledge of unlimited ad valorem taxes, predictable tax revenue streams, and strong cash management practices.
Despite its ability to levy ad valorem taxes in the member jurisdictions, WSSC covers bond debt service from a diverse array of revenue sources: front-foot assessments on properties benefiting from water and sewer system improvements and water and sewer service charges.
The city and Orange County will pay ad valorem taxes to a city-held redevelopment trust fund by Jan.
Wake County's general obligations are secured by its full faith and credit pledge and are payable from unlimited ad valorem taxes.
About 40% of general fund revenue is derived from ad valorem taxes and about 35% from sales taxes.