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.
This can be done with long-range planning and a commitment to keeping the tax base low. Jay Rohe, Twin Cities, 7 Feb. 2025 That further contributes to job growth and builds out a community’s tax base. Chris Morris, Fortune, 29 Nov. 2024 The promising proposals broaden the tax base by taxing capital gains and raising the cap on taxable income for Social Security contributions. Teresa Ghilarducci, Forbes, 21 Oct. 2024 The pitch was to expand the local tax base and bring jobs to people in the area. Joel Khalili, WIRED, 11 Sep. 2024 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

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 16 Feb. 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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