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:
“Hunger is never delicate; they who are seldom gorged to the full with praise may be safely fed with gross compliments, for the appetite must be satisfied before it is disgusted.”
—Samuel Johnson (1709–1784)
“I would not have every man nor every part of a man cultivated, any more than I would have every acre of earth cultivated: part will be tillage, but the greater part will be meadow and forest, not only serving an immediate use, but preparing a mould against a distant future, by the annual decay of the vegetation which it supports.”
—Henry David Thoreau (1817–1862)