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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
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
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Word History
First Known Use
circa 1943, in the meaning defined above
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
noun1
: 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
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