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ad valorem tax

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.02 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 bonds are direct obligations of the district and are payable from an unlimited ad valorem tax levied against all taxable property located within the district.
The bonds are direct obligations of the city, payable from the levy and collection of a direct and continuing ad valorem tax within the limits prescribed by law, on all taxable property located within the city.
6 million limited ad valorem tax bonds, series 2006.
 
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