From Longman Business Dictionaryannual valueˌannual ˈvalue British English [countable, uncountable] PROPERTY the value of a property, used to calculate the amount of local tax that must be paid on itSYNassured value AmEIn 1445, his English estates had an annual value of over £1,061.The tax base, or rateable value, is the net annual value of the property occupied. → value
