ratable
/ˈreɪtəbəl/
adjective
- Capable of being rated, assessed, or appraised, especially for taxation or valuation purposes.
- The city council updated the list of ratable goods for the new fiscal year.
- Only ratable assets are considered when calculating the company's net worth.
- The property is ratable and must be included in the annual tax assessment.
- Proportionally distributed or allocated according to a rate or ratio.
- The costs were divided on a ratable basis among all the departments.
- Each member's contribution is ratable based on their income level.
- The insurance premium is ratable over the term of the policy.
Synonyms