Ratable Value


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Related to Ratable Value: rateable value

Ratable Value

The value of real estate as estimated by the rent the owner could charge a tenant on a year's lease. The ratable value assumes the property is vacant when the real estate is sold.
References in periodicals archive ?
The assessing officer adopted an annual ratable value at 7 per cent of total investment and therefore, calculated annual rental value at a little over Rs 81.08 lakh.
However, ratepayers will not know their new ratable values until they receive their actual bill in April.