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

We estimate that they pay only 24% of their full economic income in total taxes—less than the overall average tax rate of 30%.

From The Wall Street Journal • Jun. 4, 2026

The county currently has a base sales tax rate of 9.75%, and cities impose local taxes on top of that.

From Los Angeles Times • Jun. 3, 2026

Swapping assets is often part of estate planning for wealthy taxpayers aiming to minimize exposure to the 50% estate tax rate.

From Barron's • May 16, 2026

Each state negotiated its own tax rate with operators during the legalization process.

From MarketWatch • May 15, 2026

Every penny in the pound in the tax rate produces 2,500,000 pounds sterling, or $12,500,000, nearly one half the national income tax of the United States for 1913.

From The Audacious War by Barron, Clarence W. (Clarence Walker)