Tax Rate Definition

noun
The percentage of income, property value, etc. assessed as tax.
Webster's New World

A percentage of net income used to compute one’s income tax liability. Currently, there are three brackets for computing federal income tax. The percentage one pays increases, as income increases, enough to move one from one bracket into a higher one of those three. See also tax.

Webster's New World Law

Other Word Forms of Tax Rate

Noun

Singular:
tax rate
Plural:
tax rates

Tax Rate Sentence Examples

  • The tax rate for all purposes in that year was $2.26 per $100.

  • For defraying the expenses of the state government, exclusive of the interest on the bonded debt, the tax rate is limited by the constitution to four mills on the dollar of assessed valuation.

  • By the Constitution the tax rate is limited to $5 on the thousand, and, as the rate of taxation has increased faster than the taxable property, the state has been forced to contract several temporary loans since 1901, none of which has exceeded $200,000, the limit for each year set by the Constitution.

  • In 1909 the taxable valuation was $100,771,321, and the tax rate was 13.8 mills for city property, 9.2 mills on rural property and 6.9 mills on agricultural property.

  • The tax rate for separate indebtedness varied from 6 mills in Allegheny to 16.2 mills in the 43rd ward.

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Words Starting With

TTATAX

Words Ending With

ETEATE

Unscrambles

tax rate

Words Starting With T and Ending With E

Starts With T & Ends With EStarts With TA & Ends With EStarts With T & Ends With TE

Word Length

8 Letter Words8 Letter Words Starting With T8 Letter Words Ending With E