The Gross Annual Value (GAV), also called just the Annual Value, of a property is used in calculating the tax or rent which should be applied to the property.
Famous quotes containing the words gross and/or annual:
“There are moods in which one feels the impulse to enter a tacit protest against too gross an appetite for pure aesthetics in this starving and sinning world. One turns half away, musingly, from certain beautiful useless things.”
—Henry James (1843–1916)
“In soliciting donations from his flock, a preacher may promise eternal life in a celestial city whose streets are paved with gold, and that’s none of the law’s business. But if he promises an annual free stay in a luxury hotel on Earth, he’d better have the rooms available.”
—Unknown. Charlotte Observer (October 6, 1989)