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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Federal money makes up a significant portion of budgets in some rural districts, which rely more on grants and philanthropy because of their limited tax base, said Sharon Contreras, CEO of the Innovation Project, a collaboration among North Carolina school districts. Elizabeth Hernandez, The Denver Post, 6 Mar. 2025 Scarth, whose father, Danny, served for about a decade on the Fort Worth City Council, believes a new district for the east side of Keller would lose less revenue to recapture given the smaller tax base, which would result in higher overall funding for schools. Matthew Adams, Fort Worth Star-Telegram, 5 Mar. 2025 Local officials are then left scrambling to find money for infrastructure to accommodate the growth – a burden that falls on the general tax base instead of the very companies profiting from the developments. Josh Salman, Miami Herald, 4 Mar. 2025 During Trump’s first term, the Republicans’ feed-the-rich Tax Cuts and Jobs Act of 2017 denuded the tax base, causing revenues as a percentage of G.D.P. to fall. John Cassidy, The New Yorker, 3 Mar. 2025 See All Example Sentences for tax base

Word History

First Known Use

circa 1943, in the meaning defined above

Time Traveler
The first known use of tax base was circa 1943

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Cite this Entry

“Tax base.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20base. Accessed 12 Mar. 2025.

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
Last Updated: - Updated example sentences
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