tax base

Definition

The sum of taxable activities, collective value of real estate, and assets subject to tax within a community.

Use tax base in a sentence

I wondered what the tax base was and then I asked my friend because he knew about it better than me.

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The tax base was strong in the community which enabled new projects that enrich the community to be undertaken by the mayor.

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Though our county has very little new construction, the overall tax base has increased dramatically by virtue of an increase in property values.

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