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

“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

“Reforms such as harmonizing VAT rules or establishing a common consolidated corporate tax base remain stuck because of national vetoes, leaving firms to navigate a maze of fragmented tax regimes,” she said.

From The Wall Street Journal

But as its tax base continues to be eroded by waves of robots and increasingly sophisticated artificial intelligence, something must be done.

From MarketWatch

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