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Glite Dictionary
ratable

ratable

1 8.4
Property that must pay tax to the local government
  • adjective
  • /ˈreɪtəbl/
  • UK
translation icon : imponible
  • In Alberta, residential properties are considered ratable for local tax purposes.

Examples

  • The city council agreed that the new office building is ratable as it generates taxable income.

  • To qualify for a tax deduction, the property must be ratable under the current tax regulations.

  • Some properties are not ratable if they belong to charitable organizations.

  • The city council debated whether the newly constructed building was ratable or exempt from taxes.

  • The government updated the list of ratable properties for the coming tax year.

  • This property is ratable.

  • The new building is ratable for tax purposes.

Synonyms

taxable
vsratable
22 3.7

That you must pay tax on

applies only to property liable for local property tax assessment

How Taxable

taxable
22 3.7
ratable
  • UK
1 8.4
tax-exempt
15 4.6

Surface Forms

ratable positive

Morphology

ratable = rate (transparent) = rate + able

Formedly 'rate' + '-able' yields 'able to be rated/assessed'; the composition is straightforward though the usage is domain-specific (property taxation).

Etymology

Ratable comes from the common word rate and the ending -able. A rate is an amount set by the government, often a 'property tax', so ratable means 'able to be charged a rate' or liable to local property tax.