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Webster Dictionary(0.00 / 0 votes)Rate this definition: 1  Valor(noun) value; worth. 2  Valor(noun) strength of mind in regard to danger; that quality which enables a man to encounter danger with firmness; personal bravery; courage; prowess; intrepidity. 3  Valor(noun) a brave man; a man of valor.
According to value. The term ad valorem is derived from the Latin ad valentiam, meaning to the value.. It is commonly applied to a tax imposed on the value of property. Real property taxes that are imposed by the states, counties, and cities are the most common type of ad valorem taxes.