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tax base
[taks beys]
noun
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
Many emergency managers, including in Yancey County, operate in rural areas with small tax bases and skeleton staffs.
Our income and tax bases are growing nowhere near as fast as our obligations.
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.
It’s essential to restoring the tax base, for both state and federal revenue.
Advocates for the entertainment industry have argued a similar case, saying the loss of local film and television shoots is having a ripple effect on the economy — and weakening the city’s tax base.
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