Meaning of “annual value” in the English Dictionary

"annual value" in Business English

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annual valuenoun [ C, U ]

uk us

ACCOUNTING, FINANCE the amount of income that a company or industry brings in during one year:

The total annual value of the state's oyster production is about $12 million.

UK US assured value PROPERTY, TAX the value of a piece of property used to calculate taxes to be paid on it:

In an action for recovery of land, the particulars must include a full description of the land and the net annual value for rating.

(Definition of “annual value” from the Cambridge Business English Dictionary © Cambridge University Press)