tax base

American

[taks beys] / ˈtæks ˌbeɪs /

noun

the total value of property, income, or other assets that can be taxed by a governing authority, such as a city, town, or state, used to calculate tax rates.

The town is primarily residential, with commercial and industrial properties making up only 10 percent of the tax base.

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

For decades, great cities benefited from a relatively captive tax base.

From The Wall Street Journal

Citrini Research, an independent publisher, posted an article Sunday imagining a 2028 in which AI advancements have triggered mass white-collar layoffs, upended asset managers, and resulted in a shrinking tax base.

From Barron's

“The flight of production from Los Angeles has caused extraordinary economic damage, job losses and declines in our tax base,” Hackman said.

From Los Angeles Times

But when a state relies heavily on a narrow and highly mobile tax base, a small number of departures can have outsize budget consequences.

From The Wall Street Journal

“When I talk to my peers around the country, no one has an appeals body which changes the tax base as much as ours does here.”

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023