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Definition of “rateable value” - English Dictionary

(Definition of rateable value from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"rateable value" in Business English

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rateable valuenoun [C]

uk   us  
TAX, GOVERNMENT the official value given to business properties in the UK which decides the amount of local tax they have to pay: The proposal recommended that businesses with a rateable value of £8,000 to £10,000 a year would get rates relief of 50%.
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(Definition of rateable value from the Cambridge Business English Dictionary © Cambridge University Press)
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