tax base

American  

[taks beys] / ˈtæks ˌbeɪs /

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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Example Sentences

Property values along Baxter Road are already falling, and oceanfront homes account for a hefty portion of the island’s tax base.

From The Wall Street Journal • Apr. 8, 2026

The transition doesn’t mean the U.S. corporate tax base has been eroded.

From MarketWatch • Apr. 7, 2026

Citrini Research, an independent publisher, posted an article Sunday imagining a 2028 in which AI advancements have triggered mass white-collar layoffs, upended asset managers, and resulted in a shrinking tax base.

From Barron's • Feb. 23, 2026

The Treasury said that business rates would be adjusted to reflect changes in the overall value of the tax base, "so that the system continues to raise the same amount of revenue in real terms".

From BBC • Oct. 25, 2025

This effort has been complicated by growing unemployment, an erosion of the tax base, and the continuing transfer of roughly $100 billion a year to eastern Germany to refurbish this ex-communist area.

From The 1998 CIA World Factbook by United States. Central Intelligence Agency