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

See Examples For:

tax rate

Depending on the state, their combined tax rate would be almost 40%, said Richard Pon, a San Francisco-based accountant and financial adviser.

From MarketWatch ● Jul. 6, 2026

In May, Hawaii boosted its top marginal tax rate to 13% from 11% for individuals with income of more than $500,000.

From Barron's ● Jun. 26, 2026

That measure, which received just above the 50% needed for passage, pushed the tax rate within the city of Los Angeles to 10.25 cents for every dollar of spending.

From Los Angeles Times ● Jun. 23, 2026

That advantage persisted even after the U.S. lowered its corporate tax rate to 21% from 35% in 2017 and imposed minimum taxes on foreign income.

From The Wall Street Journal ● Jun. 21, 2026

If we assume the same total tax revenue then the VAT might allow for a lower marginal tax rate, for the reason that the VAT has no exemption.

From Definition & Reality in the General Theory of Political Economy by Colignatus, Thomas