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From: Webster's Revised Unabridged Dictionary (1913)

 Rat·a·ble a.
 1. Capable of being rated, or set at a certain value.
    Twenty orae were ratable to [at] two marks of silver.   --Camden.
 2. Liable to, or subjected by law to, taxation; as, ratable estate.
 3. Made at a proportionate rate; as, ratable payments. -- Rat*a*ble*ness, n. -- Rat*a*bly, adv.