Tax Base Financial Glossary

What is it? The tax base is an assessment by each billing authority of the likely yield of a Council Tax of 1, taking into account the number of properties on which a tax can be levied. The Tax base counts properties as Band D equivalents .For setting Council Tax, the tax base is based on the District or Borough Councils number of Band D equivalent properties within each local authority area, allowing for non-collection of Council Tax and new properties.

Finance Term Definition Added By: Jayden

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