What does ANNUAL VALUE mean?

ANNUAL VALUE meaning in Law Dictionary

the web annual earnings derivable from a given bit of property ; its fair local rental value for example year, deducting costs and expenditures; the worth of its usage for a-year.

Sentence Examples with the word ANNUAL VALUE

But it did more than this; by the king's instructions it endeavoured to make a national valuation list, estimating the annual value of all the land in the country, (1) at the time of King Edward's death, (2) when the new owners received it, (3) at the time of the survey, and further, it reckoned, by command, the potential value as well.

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