tax base

[ taks-beys ]

noun
  1. the total value of property, income, or other assets that can be taxed by a governing authority, such as a city, town, or state, used to calculate tax rates: The town is primarily residential, with commercial and industrial properties making up only 10 percent of the tax base.

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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

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