Tax Base
Definition
The total value of everything that can be taxed (property, income, sales, etc.). A growing tax base means the city can maintain services with the same tax rate. A shrinking tax base means taxes go up or services get cut.
The total value of everything that can be taxed (property, income, sales, etc.). A growing tax base means the city can maintain services with the same tax rate. A shrinking tax base means taxes go up or services get cut.