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ad valorem tax
(redirected from ad valorem)

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia, Hutchinson 0.03 sec.
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.


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The Texas Court of Appeals had previously held that the assessment of ad valorem property tax on shipping containers used in international commerce owned by a domestic corporation violated the Foreign Commerce Clause of the U.
2%, over the prior year period and the recognition of $39,000 of franchise and ad valorem taxes associated with the equity of the Company and the Association, respectively.
6 million limited ad valorem tax bonds, series 2006.
 
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