tax base

noun

Definition of tax base

  1. :  the wealth (such 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


TAX BASE Defined for English Language Learners

tax base

noun

Definition of tax base for English Language Learners

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


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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