22Taxable value of parts of land not separately valued

22 Taxable value of parts of land not separately valued (a) it is necessary to determine the taxable value of part of land (***the part***) for or in a tax year; and (b) the part was not valued separately as at the relevant date (within the meaning of section 19) in relation to that year; and (c) the whole land was valued separately as at the relevant date. S. 22(2) substituted by No. 47/2020 s. 39. (2) The taxable value of the part is determined in accordance with the formula**—** A/B × C A is the total area of the part of the land that is taxable; B is the total area of the whole land; C is the site value of the whole land. ***total area***, in relation to land or a part of land, means the area of the land or part plus the sum of the areas of each floor of a building on the land or part (whether above or below ground) other than the ground floor.