tax base

[taks beys]

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.

Example Sentences

We’ve got to change government so that government is encouraging businesses to come, big and small, so our employment base grows and our tax base grows.

From Los Angeles Times

Many emergency managers, including in Yancey County, operate in rural areas with small tax bases and skeleton staffs.

From Salon

Our income and tax bases are growing nowhere near as fast as our obligations.

From Los Angeles Times

Ministers have argued the current system, last updated in 2013, fails to reflect poorer areas' higher demand for council services, and their weaker council tax bases due to lower average property values.

From BBC

It’s essential to restoring the tax base, for both state and federal revenue.

From Los Angeles Times