The MVP of the 1998 World Series with the Yankees, Brosius didn't play anywhere near long enough to mount a full-scale Hall of Fame case, but he manned the hot corner during New York's run of four straight pennants ('98â2001) and three titles.
Ad Valorem. 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.
Written By: Ad valorem tax, any tax imposed on the basis of the monetary value of the taxed item. Literally the term means âaccording to value.â Traditionally, most customs and excises had âspecificâ rates; the tax base was defined in terms of physical units such as gallons, pounds, or individual items. Ad valorem rates, which have come into increased use, have the important advantage of adjusting the tax burden according to the amount the consumer spends on the taxed items. They thus avoid the serious discrimination of specific rates against the low-priced varieties of the commodities.