tax base

noun

: 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

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Word History

First Known Use

circa 1943, in the meaning defined above

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