Ratables (Noun)
Meaning
Property that provides tax income for local governments.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The town's ratables included a mix of residential, commercial, and industrial properties that generated significant tax revenue.
- As the local economy grew, the number of ratables in the area increased, providing a boost to the municipal budget.
- The city's ratables were primarily made up of office buildings, shopping centers, and apartment complexes.
- The assessor's office was responsible for identifying and valuing all ratables within the county to determine tax liabilities.
- The new development project was expected to add significant ratables to the town's tax base, helping to offset the costs of providing municipal services.