So it’s “ad valorem.” When the preposition is “ad” (to/toward), the noun that’s the direct object takes the accusative case (-em, -am, -um, for singular) like in “ad hominem.” The ending “-orum” is plural possessive, like in “sanctum sanctorum” (holy of holies).
You are right, irishjuggler, it’s not “ad valorum” it’s “ad valorem”.
The square root of stupidity is still stupidity.
Pardon my mistake.
Ad valorem taxation is the true culprit.