🔤 Ad Valorem Tax ✨
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URDU
🅰️
Roman Urdu:
ad valorem tax
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ENGLISH
📚noun
ad valorem tax
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PRONUNCIATION
Standard: / æd vəˈlɔːrəm tæks /
Phonetic: ad va - loh -rem tax
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DEFINITION
A tax based on the value of an item, usually applicable to property or goods.
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EXAMPLE SENTENCES
The ad valorem tax on property increased this year.
He paid the ad valorem tax based on his house’s market value.
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SYNONYMS
value based tax price based tax
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