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

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

“The flight of production from Los Angeles has caused extraordinary economic damage, job losses and declines in our tax base,” Hackman said.

From Los Angeles Times

But when a state relies heavily on a narrow and highly mobile tax base, a small number of departures can have outsize budget consequences.

From The Wall Street Journal

“When I talk to my peers around the country, no one has an appeals body which changes the tax base as much as ours does here.”

From The Wall Street Journal

In Trinity County, where Green’s district is located, the federal government owns more than 75% of the land, limiting the tax base and the ability to pass local bonds for things like campus maintenance.

From Los Angeles Times