Definition

Adjective: - Not subject to being rated or assessed for local property taxes: Describes properties or entities that are exempt from the standard local tax assessment process that determines property tax liability.

Usage

The adjective "unratable" is used to formally describe something, typically real property, that is not included in the local tax roll for assessment. It indicates an exemption status.

Examples

• The government-owned building is unratable and therefore does not appear on the municipal tax roll.
• Charitable organizations can apply for unratable status for their premises.
• Determining which properties are unratable is a key function of the assessor's office.

Advanced Usage

• Legal/Administrative Context: The term is primarily used in legal, governmental, and financial contexts related to municipal finance, property law, and tax codes.
  • The statute clearly defines the criteria for land to be deemed unratable.

Variants and Related Words

• Rateable (or ratable) (adj): Subject to being rated or assessed for taxes; taxable.
  • All rateable properties must be assessed annually.
• Non-taxable (adj): A more general synonym meaning not subject to tax.
• Tax-exempt (adj): Specifically exempt from paying taxes.

Synonyms

• Tax-exempt (in the context of property assessment)
• Non-assessable
• Exempt (from assessment)

Antonyms

• Rateable / Ratable
• Taxable
• Assessable

Adjective

1. not subject to locally assessed property taxes
   • unratable properties