A taxi fare is the amount of money a passenger pays for a ride in a taxi. This fare is typically calculated based on factors such as distance traveled, time spent in the vehicle, and any additional fees, like surcharges for late-night rides or extra passengers. Taxi fares can vary by city and are usually displayed on a meter inside the vehicle. Passengers can also find fare estimates through various ride-hailing apps or websites, which help them understand the cost before starting their journey.