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 Money is tight, and the population and tax base are shrinking. Mark Strassmann, CBS News, 6 June 2024 With careful planning and a firm commitment, Baltimore City’s property tax rate can be cut substantially, its tax base broadened, its economy strengthened and its communities made more equitable. Baltimore Sun Media, Baltimore Sun, 11 Apr. 2024 My approach includes streamlining city operations to free up funds, fostering economic development to broaden the tax base, and leveraging public-private partnerships to enhance educational resources. Baltimore Sun Media, Baltimore Sun, 11 Apr. 2024 That amendment functionally tamped down residential tax bills, but at the cost of a declining tax base for some local governments and special districts. Nick Coltrain, The Denver Post, 10 May 2024 See all Example Sentences for tax base 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax base.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 11 Jun. 2024.

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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