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 plant provides about 28 percent of Oak Park Heights’ tax base. Mary Divine, Twin Cities, 7 Jan. 2024 Some local officials in Alexandria have presented the arena plan as a necessary way to diversify the Northern Virginia city’s tax base. Teo Armus, Washington Post, 24 Mar. 2024 See all Example Sentences for tax base 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax base.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

circa 1943, in the meaning defined above

Time Traveler
The first known use of tax base was circa 1943

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 3 May. 2024.

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
Last Updated: - Updated example sentences
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