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What does assessable mean?

Looking for the meaning or definition of the word assessable? Here's what it means.

Adjective
  1. Able to be assessed.
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The assessable family income might barely put them out of the running for a medical card and medical expenses can be crippling.
The shares of the company were assessable with unlimited liabilities on the part of the share holder.
In most industrialized countries, such as Great Britain, personal income has to be reported on one of a number of separate schedules, but assessable income is then lumped and only one tax is imposed.
For example, a project consortium will incur significant early income tax losses as interest accrues on debt prior to the project generating assessable income.
The Commissioner of Stamp Duties accepted, on the basis that these documents were effectual, that there was no duty assessable.
The rents are fixed in cash, being proportioned according to the assessable value of the property.

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