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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
However, the utility still counts for about 8% of the city’s tax base.
—Troy Aidan Sambajon, The Christian Science Monitor, 11 Mar. 2024
In fact, any expansion of the tax base due to new property construction tends to be outside of the county granting the tax abatement.
—Christine Wen, The Conversation, 15 Feb. 2024
What are the three most important issues in Cabarrus County today?
1-Growing our tax base and providing quality job opportunities that do not require our citizens to commute outside of Cabarrus County.
—Charlotte Observer, 13 Feb. 2024
But challenges in the real estate and development markets could become a challenge in 2024 for some communities eager to get new multifamily housing, new residents and a bigger tax base.
—Don Stacom, Hartford Courant, 1 Jan. 2024
Continue to have success with attracting a diversified expansion of industry to increase and balance our tax base and employment opportunities.
—Charlotte Observer, 29 Feb. 2024
That district also benefits from being able to spread out bond costs over its lucrative commercial tax base.
—Mercury News Editorial, The Mercury News, 29 Feb. 2024
Perhaps only San Francisco is a better example than New York City, where the amount of offices collecting dust is at a record high: almost 20% are sitting empty, hemorrhaging money and shrinking the city’s tax base.
—Dylan Sloan, Fortune, 25 Feb. 2024
Some local officials in Alexandria have presented the arena plan as a necessary way to diversify the Northern Virginia city’s tax base.
—Meagan Flynn, Washington Post, 12 Feb. 2024
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
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 29 Mar. 2024.
Legal Definition
tax base
noun1
: 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
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