Rateable Value (RV) Financial Glossary

What is it? A value placed on all non-domestic properties (businesses) on which rates have to be paid, broadly based on the rent that the property might earn, after deducting the cost of repairs and insurance. The rateable value is determined by the Inland Revenues Valuation Office Agency.

Finance Term Definition Added By: Mia

Send To Friends!

If you'd like to send the Rateable Value (RV) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Rateable Value (RV). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Settlor is An individual who establishes a trust in order to transfer property. (See Grantor)

Financial Term platted land is Land that has been divided into lots described in a plat plan that is filed in the real estate records of a political entity.

Financial Term Investment is An asset or item of value that is purchased to generate a profit at some future point.

Financial Term Assumable Loan is A mortgage loan that, by its terms, permits its obligations to be taken over (assumed) by a new owner of the real property who is not the original borrower.

Financial Term Escrow Account (Impound Account) is In connection with loans secured by real estate, an escrow account is an account that a borrower pays into at the same time the borrower pays his or her loan payment, and from which the lender makes tax and insurance payments applicable to the borrower.