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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
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Word History
First Known Use
circa 1943, in the meaning defined above
Dictionary Entries Near tax base
Cite this Entry
“Tax base.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20base. Accessed 25 Dec. 2024.
Legal Definition
tax base
noun1
: 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
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