ad valorem tax

Noun

A tax that is assessed as a proportion of the value of the property being taxed.

Japanese Meaning

財産の評価額に応じた割合で計算される税金

The municipality increased the ad valorem tax this year to fund improvements to the public parks.

自治体は今年、公共公園の整備資金をまかなうために、課税対象の財産の価値の割合に基づく税を引き上げました。

Sense（1）

A tax that is assessed as a proportion of the value of the property being taxed.

ad valorem taxes

（ plural ）