Definition

Describing something that is subject to being assessed for taxes or rates.

Example

The property is considered rateable, meaning it can be taxed by the local government.

Conversation

Did you know that some properties are considered rateable for taxes?

Yeah, I've heard about that, but I don’t really understand how it works.

Basically, it means they have to pay local property taxes based on their value.

Got it! That makes sense, especially for homes and businesses.

Synonyms & Antonyms

Root Explanation

Rateable → It is formed from "rate" (from Old French *rate*, meaning to fix a value) and "-able" (meaning capable of). The word "rateable" means capable of being assessed or valued.

Memory Tip

Think of something that can be 'valued' ('rate') and is 'capable of' ('-able') being assessed — that's what rateable means.

Visually Confused Words