BusinessAugust 24, 2026

rateable

RAY-tuh-buhl

Definition

Describes property or land that is subject to being assessed for the purpose of calculating local government taxes.

Etymology

Derived from the Middle English 'rate' (an amount or tax) and the suffix '-able' (capable of). It entered English through Old French and Medieval Latin to describe things that are measurable or subject to valuation.

In the news

The article uses the term to describe values used in property tax calculations that have increased significantly, which industry leaders argue shows the current tax system is broken.

News | UK government appoints independent review of hotel business rates

Read the full article ↗

CoStar

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