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:
“Pure innovation is more gross than error.”
—George Chapman (1559–1634)
“...there was the annual Fourth of July picketing at Independence Hall in Philadelphia. ...I thought it was ridiculous to have to go there in a skirt. But I did it anyway because it was something that might possibly have an effect. I remember walking around in my little white blouse and skirt and tourists standing there eating their ice cream cones and watching us like the zoo had opened.”
—Martha Shelley, U.S. author and social activist. As quoted in Making History, part 3, by Eric Marcus (1992)