Ratable
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Ratable
That which can be appraised, assessed, or adjusted through the application of a formula or percentage.
Ratable property is that which is taxable or capable of being appraised or assessed.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
ratable
adj. taxable according to value, such as an estate or property.
Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.