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tax base

noun

Simple Definition of tax base

  • : the amount of money or property that can be taxed within an area

Source: Merriam-Webster's Learner's Dictionary

Full Definition of tax base

  1. :  the wealth (as real estate or income) within a jurisdiction that is liable to taxation

Examples of tax base in a sentence

  1. an area with a large tax base



Circa 1943

First Known Use of tax base

circa 1943


Law Dictionary

tax base

noun

Legal Definition of tax base

  1. 1 :  a sum (as the total assessed valuation of property in a county) used as the basis of taxation

  2. 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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