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(UK) An official estimate of the value of a property used as a basis of local taxation.
This valuation list contains the gross estimated' rental and rateable value of all rateable property in the parish.
From this is deducted the average annual cost of repairs, insurance and renewals, the balance constituting the rateable value.
The rateable value of the parish being known, so much on each pound of the rateable value as will equal the amount required to be raised is levied, and is known as the "rate."
In 1908 the rateable value of the municipality was £36,466,644, the rate 21d.
The total rateable value of the suburbs, not included in the above figures, is over £8,000,000.
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