Rateables (Noun)
Meaning
Property that provides tax income for local governments.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The city's rateables, including commercial and industrial properties, generated a significant portion of its annual tax revenue.
- The town's rateables were assessed at a higher value than the previous year, resulting in increased tax bills for many property owners.
- The county's rateables included not only residential properties but also agricultural land and timber tracts.
- The city's rateables were used to fund various municipal services, such as police and fire departments, schools, and road maintenance.
- The state's rateables were revalued every five years to ensure that property taxes were distributed fairly and accurately.