the GNU version of the Collaborative International Dictionary of English
adj. Fit to be levied; capable of being assessed and collected.
The Century Dictionary and Cyclopedia
Capable of being levied and collected.
That may be levied upon; capable of being seized upon execution.
Word Usage
""The position regarding the amount of tax leviable in such cases can be quantified only on the completion of assessments, which would be finalized by Dec. 31," Mr. Palanimanickam said."