tax base

noun

: the wealth (such as real estate or income) within a jurisdiction that is liable to taxation

Examples of tax base in a Sentence

an area with a large tax base

Recent Examples on the Web

The reform package seeks to expand the state and local tax base to include the sale of digital products and services. —Nolan McKendry | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 21 Oct. 2024

This opacity makes tariffs particularly appealing to policymakers seeking to raise revenue without the political backlash of traditional tax base expansion or rate hikes. —Andrew Leahey, Forbes, 27 Nov. 2024

These businesses provide hundreds of jobs and bolster the tax base. —Steven Greenhut, Orange County Register, 13 Oct. 2024

The city represents 26% of MDC’s tax base but contributes just 15% of 2021 general fund revenue. —Staff Report, Hartford Courant, 8 Aug. 2024

Word History

First Known Use

circa 1943, in the meaning defined above

Legal Definition

tax base

noun

1

: a sum (as the total assessed valuation of property in a county) used as the basis of taxation

2

: the source of tax revenue for a governmental body

change the tax base of a school district to reduce the property tax burden