tax base


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

Example Sentences

an area with a large tax base
Recent Examples on the Web Westfield needed a commercial tax base and Cook saw the building of a youth sports destination as a way to draw businesses to the city. Brittany Carloni, The Indianapolis Star, 15 Mar. 2023 Larger cities have a greater tax base revenue, which can be used to offer higher salaries, Woodruff said. Martin E. Comas, Orlando Sentinel, 8 Mar. 2023 Such a large tax base in turn fuels the county government’s annual budget of more than $38 billion, which is more than enough to take a hit of $51 million. Brent Schrotenboer, USA TODAY, 2 Mar. 2023 But rather than reduce crime or vandalism, the policy’s main effect was to reduce the property values of the homes left standing, eviscerating North Philadelphia’s already shrinking tax base. Wes Enzinna, Harper’s Magazine , 5 Jan. 2023 That said, the country is in the middle of a massive demographic shift that puts its tax base in danger. Nana Ama Sarfo, Forbes, 23 Feb. 2023 But Phoenix is also in a good position financially, flush with cash from federal COVID-19 relief funds and the growth of its own tax base, which increased 9% from 2020 to 2021. Taylor Seely, The Arizona Republic, 26 Dec. 2022 More ominous for the city is that its downtown business district — the bedrock of its economy and tax base — revolves around a technology industry that is uniquely equipped and enthusiastic about letting workers stay home indefinitely. Emma Goldberg Aaron Wojack, New York Times, 17 Dec. 2022 Its tax base has eroded the past few decades as the population decreased - the result of mostly white flight to suburbs that began after public schools integrated in 1970. CBS News, 31 Aug. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tax base.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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.” Dictionary, Merriam-Webster, Accessed 28 Mar. 2023.

Legal Definition

tax base

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