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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Adequate housing supplies would help residents avoid rising cost burdens and allow more people to move to the region and contribute to its communities, businesses, tax base, and economy. Maurice Obeid, Forbes.com, 31 Mar. 2025 The campus provided about 2% of the town’s tax base before the insurer closed the operation in 2013. Don Stacom, Hartford Courant, 28 Mar. 2025 Despite a growing economy and tax base, the state currently spends almost $5,000 less per student than the national average and trails behind neighboring South Carolina and Virginia. Rebecca Noel, Charlotte Observer, 26 Mar. 2025 Districts without a strong tax base to fund schools often struggle to meet these students’ needs, which Congress recognized by authorizing the money. Bianca Vázquez Toness, Chicago Tribune, 20 Mar. 2025 See All Example Sentences for tax base

Word History

First Known Use

circa 1943, in the meaning defined above

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

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Cite this Entry

“Tax base.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20base. Accessed 16 Apr. 2025.

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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