Definition of “rateable value” - English Dictionary

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“rateable value” in British English

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rateable valuenoun [ C ]

uk /ˌreɪ.tə.bəl ˈvæl.juː/ us /ˌreɪ.t̬ə.bəl ˈvæl.juː/

(Definition of “rateable value” from the Cambridge Advanced Learner's 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)