local tax bases

Local tax bases refer to the total value or amount of certain assets, income, or activities within a specific area that are subject to taxation. Examples include property values, business sales, or individual income generated locally. These bases are used by local governments, such as cities or counties, to determine how much revenue they can collect through various taxes. Essentially, the local tax base reflects the economic wealth or activity within the jurisdiction, providing the foundation for funding public services like schools, roads, and emergency services.