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

In addition to lowering GDP, reductions in public R&D would also decrease the economy’s tax base and result in lower overall federal government revenues. —Michael T. Nietzel, Forbes.com, 1 May 2025

Our significant tax base of Wall Street, which once seemed enthusiastic for the president’s reelection, is now staring down a market crash driven by Trump’s short-sighted tariffs and bashing of the Fed. —New York Daily News Editorial Board, New York Daily News, 24 Apr. 2025

Streamlining development processes to expand the tax base and ease the burden on homeowners. —Harrison Mantas, Fort Worth Star-Telegram, 20 Apr. 2025

Maryland’s economy is barely growing, and reductions in the federal workforce are eroding our tax base. —Colin Pascal, Baltimore Sun, 16 Apr. 2025

Word History

First Known Use

circa 1943, in the meaning defined above

Rhymes for tax base

• abase
• airspace
• apace
• backspace
• biface
• birthplace
• blackface
• boldface
• bookcase
• braincase
• briefcase
• carcase

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