Ratable Value
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
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