ratable value

British

noun

(formerly) a fixed value assigned to a property by a local authority, on the basis of which variable annual rates are charged

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ratable value

The ratable value of the metropolis, or rather the district of the Metropolitan Board, is £23,960,109.

From Days and Nights in London or, Studies in Black and Gray by Ritchie, J. Ewing (James Ewing)

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