tax rate

American  

noun

1. the percentage of the value of a property to be paid as a tax.

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tax rate British  

noun

1. the percentage of income, wealth, etc, assessed as payable in taxation

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Etymology

Origin of tax rate

First recorded in 1875–80

Example Sentences

Mamdani has said raising taxes on the wealthy could provide as much as $9bn for his agenda, along with increasing the corporate tax rate from 7.25% to 11.5%.

From BBC • May 6, 2026

The tax reimbursement estimate for Zaslav, who lives in New York, was “calculated based on a 20.00% excise tax rate and an estimated effective tax rate of 54.126% ,” Warner said.

From Los Angeles Times • Apr. 9, 2026

Under a program called RIGI, he loosened foreign-exchange controls for companies and provided tax stability for 30 years while reducing the corporate tax rate.

From The Wall Street Journal • Apr. 9, 2026

The exception is a 15% tax rate on drugs coming from the European Union, Japan, South Korea, and Switzerland and Liechtenstein.

From Barron's • Apr. 2, 2026

Good facilities in both of these respects are highly desirable, and yet excessive expenditures in either direction may so advance the tax rate as to make them expensive luxuries.

From A Living from the Land by Duryee, William B.