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.
Simply put, the program's goal is to strengthen San Antonio's families, economy, tax base, and businesses independently from the federal government, and other cities are already replicating its approach. Dan Perry, Newsweek, 28 Feb. 2025 However, the bigger issue is the relative size of the tax base from tariffs, compared with individuals paying income tax, according to the Tax Foundation analysis. Kate Dore, Cfp®, Ea, CNBC, 5 Feb. 2025 The state’s huge tax base generates effectively unlimited resources for wildfire protection. Christopher Flavelle, New York Times, 10 Jan. 2025 Federal money makes up a significant portion of budgets in some rural districts, which rely more on grants and philanthropy because of their limited tax base, said Sharon Contreras, CEO of the Innovation Project, a collaboration among North Carolina school districts. Elizabeth Hernandez, The Denver Post, 6 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 25 Mar. 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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