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.
Simmons also said his priorities would be to fully evaluate any project proposed for fiscal and community impact; strive for diversifying Mansfield’s tax base and continue to lower the tax rate; ensure the public safety and municipal employees are earning a competitive salary. Rachel Royster, Fort Worth Star-Telegram, 25 May 2025 Getting transit reform right is critical to attracting and keeping a talented workforce and equitably growing our tax base. Joe Ferguson, Chicago Tribune, 9 May 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 states South Carolina and Virginia. Rebecca Noel, Charlotte Observer, 8 May 2025 That’s a major win for our tax base and tens of thousands of hotel workers who rely on the industry for good-paying, career-creating jobs. Vijay Dandapani, New York Daily News, 15 Apr. 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 3 Jun. 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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