Meaning & use
Ratable
Last updated
Able to be assessed, valued, or taxed at a specific rate.
See it in a sentence
The council reassessed the property's ratable value for local tax purposes.
Only ratable income is included in the annual tax calculation.
A note on using this word
Also spelled 'rateable' in British English; it is common in property and tax law contexts.
Words with a similar meaning
assessabletaxable
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