Ad Valorem tax is levied on ........

General Studies (CHSL) Indian Economy

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Ad Valorem tax is levied on?

Value

Volume

Production

Export

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Explanation:

An Ad Valorem refers to tax based on the value assessed for an item. Examples include real estate or personal property. These taxes are levied based on the value determined for the item being taxed. Most commonly, the ad valorem taxes concept is applied in case of municipal property taxes only.

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