7CAssessed annual value of strata

#### 7C Assessed annual value of strata 7C Assessed annual value of strata > > (1) The assessed annual value of a stratum is— > > > > > (a) nine-tenths of the fair average annual value of the stratum, with the improvements (if any) therein, or > > > > > (b) $10, > > > > whichever is the greater. > > > (2) In determining the assessed annual value of any stratum 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 stratum it shall be assumed that the stratum, with the improvements, if any, therein, is not subject to the provisions of the [Landlord and Tenant (Amendment) Act 1948](/view/html/repealed/current/act-1948-025). > > **s 7C:** Ins 1961 No 66, sec 2 (b). Am 1973 No 13, sec 2 (c); 1978 No 137, Sch 5 (4); 1981 No 118, Sch 1 (4); 1985 No 145, Sch 1 (3).