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

“I mean it brought tax base back to the city,” says Mr Simon, who still lives and works in Baltimore.

From BBC

In distressed communities, grocery stores have been shown to anchor business development, help grow the tax base and even boost home values, according to one study of Pennsylvania's program.

From Salon

For example, if income tax is devolved and the income tax base grows more slowly in Northern Ireland than the rest of the UK, this could lead to a loss of revenue.

From BBC

A 1982 constitutional amendment limited residential properties to 45% of Colorado’s total property tax base while also setting a fixed assessment rate for commercial properties.

From Seattle Times

City officials believe attracting more residents, particularly those with significant means, will bolster the tax base and revitalize the area.

From Seattle Times