tax rate

noun

1. the percentage of the value of a property to be paid as a tax.

tax rate

noun

1. the percentage of income, wealth, etc, assessed as payable in taxation

Word History and Origins

Origin of tax rate¹

First recorded in 1875–80

Example Sentences

"You need to indicate the source of all the materials in a product, which can come from many countries with different tax rates. This would absolutely make shipments slower."

From BBC

A consultation, open until 20 November, asks whether councils should consider giving businesses more time to adjust, such as a 12-month grace period before they may have to pay higher council tax rates.

From BBC

Almost all councils charge premium council tax rates on long-term empty homes, which can be as much as 300% of standard council tax rates.

From BBC

The corporate exodus has intensified scrutiny of California’s business climate, particularly its high tax rates and complex regulatory environment.

From Los Angeles Times

There’s no state income tax, a modest corporate tax rate and a low cost of living that makes it easy to recruit and retain workers.

From Salon