Tax Base

AAA

DEFINITION of '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.

INVESTOPEDIA EXPLAINS 'Tax Base'

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.

RELATED TERMS
  1. Market Value

    The price an asset would fetch in the marketplace. Market value ...
  2. Salvage Value

    The estimated value that an asset will realize upon its sale ...
  3. Depreciation

    1. A method of allocating the cost of a tangible asset over its ...
  4. Adjusted Basis

    The proportionate value of an asset or security that reflects ...
  5. Adjusted Cost Base - ACB

    An income tax term that refers to the change in an asset's book ...
  6. Appreciation

    An increase in the value of an asset over time. The increase ...
Related Articles
  1. To Rent Or Buy? The Financial Issues
    Home & Auto

    To Rent Or Buy? The Financial Issues

  2. Who qualifies as
    Retirement

    Who qualifies as "single" for tax or ...

  3. How much will it cost to hire an accountant ...
    Taxes

    How much will it cost to hire an accountant ...

  4. Federal Tax Brackets
    Taxes

    Federal Tax Brackets

Hot Definitions
  1. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  2. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  3. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  6. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
Trading Center