tax base

[ taks-beys ]

  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.

Words Nearby tax base Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

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