tax rate

American  

noun

1. the percentage of the value of a property to be paid as a tax.

---

tax rate British  

noun

1. the percentage of income, wealth, etc, assessed as payable in taxation

---

Etymology

Origin of tax rate

First recorded in 1875–80

Example Sentences

We estimate that they pay only 24% of their full economic income in total taxes—less than the overall average tax rate of 30%.

From The Wall Street Journal • Jun. 4, 2026

If approved, Measure TT would raise the tax rate for hotel rooms from 14% to 16% until the end of 2028, staying at 15% thereafter.

From Los Angeles Times • Jun. 4, 2026

Another prudent strategy is to take your current tax rate and “add a 5% margin to be safe,” Jesani said.

From MarketWatch • Jun. 3, 2026

The decrease in net income was due to a lower tax benefit associated with equity-based compensation resulting in a higher effective tax rate, and higher depreciation and amortization, the company said.

From The Wall Street Journal • May 19, 2026

One provision of the bill was, that the expenses of these schools should be borne by the inhabitants of the county, every one in proportion to his general tax rate.

From Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson, Volume 1 by Randolph, Thomas Jefferson