According to value. Duties are either ad valorem or speei/fc; the former when the duty is laid in the form of a percentage on the value of the property; the latter where It is imposed as a fixed sum on each article of a class without regard to its value. The term ad valorem tax is as well defined and fixed as any other used in political economy or legislation, and sim-ply means a tax or duty upon the value of the article or thing subject to taxation. Bailey v. Fuqua, 24 Miss. 501; Pingree v. Auditor General, 120 Mich. 95, 78 N. W. 1025, 44 L. R. A. 679
Source: Black's Law Dictionary 2nd Ed (1910)
