tax base

Tax Base

The assessed value of a set of assets, investments or income streams that is subject to taxation, or the assessed value of a single asset that is subject to taxation. Anything that can be taxed has a tax base.

Notes:

The tax base may refer to that of an individual asset, such as the tax base of a house, or a pool of assets, such as the tax base of all houses in a city. For example, the property tax base of a house is its value. The property tax base of a city is the collective value of all taxable real estate in the city.

See also: Adjusted Basis, Adjusted Cost Base, Appreciation, Depreciation, Market value, Salvage value, Taxes

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Tax base

The assessed value of the taxable property, assets, and income within a specific geographic area.

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tax base

The resources that are available for taxation. An evaluation of the tax base is of particular importance in certain municipal bond issues secured by tax revenues.