The noun GERBIL has 1 sense: 1. small Old World burrowing desert rodent with long soft pale fur and hind legs adapted for leaping. Familiarity information: GERBIL used as a noun is very rare.
The value of the house today is between $425,000 and $490,000. The house is currently rented for $2,500 per month to long-term tenants ($30,000 per year). They are on a month to month lease. Taxes of $5,925.04 were paid in March 2010.
I have explained in best possible simple way that What is Annual Value of House Property. As per Section 23(1)(a) of the Income Tax Act, the annual value of any property shall be the sum for which the property might reasonably be expected to be let from year to year.It is like notional rent which you can earn if you have let out the property.tandard Rent is important factor in deciding annual value. Above given terminologies provide good understanding regarding what is Annual Value of House Property.