7Assessed annual value

#### 7 Assessed annual value 7 Assessed annual value > > (1) The assessed annual value of land is— > > > > > (a) nine-tenths of the fair average annual value of the land, with the improvements (if any) thereon, or > > > > > (b) $10, > > > > whichever is the greater. > > > (2) In determining the assessed annual value of any land being premises occupied for trade, business, or manufacturing purposes such value shall not include the value of any plant, machines, tools, or other appliances which are not fixed to the premises or which are only so fixed that they may be removed from the premises without structural damage thereto. > > > (3) In determining the assessed annual value of any land it shall be assumed that the land, with the improvements, if any, thereon is not subject to the provisions of the [Landlord and Tenant (Amendment) Act 1948](/view/html/repealed/current/act-1948-025). > > **s 7:** Am 1951 No 41, sec 3 (d); 1961 No 67, sec 2 (1) (d); 1973 No 13, sec 2 (1); 1978 No 137, Sch 5 (3); 1981 No 118, Sch 1 (4); 1985 No 145, Sch 1 (2).