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What does ad valorem mean?

Looking for the meaning or definition of the word ad valorem? Here's what it means.

Adverb
  1. Measured by or in proportion to value.
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We find that unit taxes lead to more firms in the industry, less output per firm, less tax revenue, but higher welfare compared to ad valorem taxes.
However, it was also found that the same values were used as the basis for expressing the underselling amount as an ad valorem duty.
The enumerated articles were not to be subject to the ad valorem duty of five per centum.
Thus a duty of 50 per cent on the value of imported woolen goods is an example of an ad valorem duty.
The Tax Collector merges the non ad valorem assessments into the certified tax roll.
Are you prepared to make an ironclad agreement to that effect, that there will be no ad valorem charges to debit cards?

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