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derate

British  
/ diːˈreɪt /

verb

  1. (tr) to assess the value of (some types of property, such as agricultural land) at a lower rate than others for local taxation

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

"They have begun to derate but there is more to go," the bank said.

From Reuters • Dec. 18, 2013

In France there is a proverb, "Courir comme un derate."

From Anomalies and Curiosities of Medicine by Pyle, Walter L. (Walter Lytle)

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