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

Less business means less employment, another blow to the tax base. —Reader Commentary, Baltimore Sun, 20 Feb. 2025

The company describes such shifts as a catalyst for changes in demand, costs and availability of amenities, as well as the strength of the local job market, local culture, economic trajectory, tax base and more. —Alexis Simmerman, Austin American-Statesman, 12 Dec. 2024

Tax systems that prioritize economic growth and fairness have relatively low tax rates that are transparently and consistently applied on a broad, neutral tax base. —Adam N. Michel, National Review, 10 Dec. 2024

This can be done with long-range planning and a commitment to keeping the tax base low. —Jay Rohe, Twin Cities, 7 Feb. 2025

Word History

First Known Use

circa 1943, in the meaning defined above

Rhymes for tax base

• abase
• airspace
• apace
• backspace
• biface
• birthplace
• blackface
• boldface
• bookcase
• braincase
• briefcase
• carcase

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