Tax Base

Tax Base means:
the collective value of property, income, and other taxable activity or assets subject to a tax. Tax revenues are computed as the tax base times the tax rate. For property taxation, the tax base is the total assessed value of all taxable property, less exemptions. Exempt property, such as that used for religious purposes, and property with an abatement of taxes are not included in the tax base. See Taxable base.

See Property Tax in the American Legal Encyclopedia and Property Tax in the World Legal Encyclopedia.

See Tax exemption and Tax exemption.

See Tax Rate and Tax Rate.