ratable in a sentence
a.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
RATABLE: Adjective describing assets or properties that are subject to assessment for taxation or eligible for tax benefits.
Sample Sentences
- The company's assets were deemed ratable, making them eligible for a tax deduction.
- During the financial audit, the accountant reviewed the list of ratable properties in the district.
- Investors were pleased to see that the new project would generate ratable income over time.
- The municipality assessed the ratable values of all commercial buildings to determine property taxes.
- Ratable earnings are crucial for assessing the company's financial health and future growth potential.