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FINDLAW LEGAL DICTIONARY

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Tax Base

tax base n

1 : a sum (as the total assessed valuation of property in a county) used as the basis of taxation
2 : the source of tax revenue for a governmental body [change the tax base of a school district to reduce the property tax burden]



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.