https://www.taxtmi.com/caselaws?id=184393 Rateable value under a municipal annual-letting-value provision is generally limited by the standard or fair rent determinable under applicable rent-control law, unless the municipal statute prescribes a distinct valuation method or expressly overrides rent restrictions. A hypothetical tenant cannot reasonably be expected to agree to rent prohibited by law. Where the record does not establish standard rent for vacant land, demolished premises or reconstructed buildings, and the objector has not supplied sufficient valuation material, market-value-based assessments cannot be conclusively resolved on that record. Valuation objections require fresh consideration after parties are given an opportunity to produce relevant material. en-us Fri, 11 Jul 2003 00:00:00 +0530 Tue, 16 Jul 2024 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184393 Rateable value under a municipal annual-letting-value provision is generally limited by the standard or fair rent determinable under applicable rent-control law, unless the municipal statute prescribes a distinct valuation method or expressly overrides rent restrictions. A hypothetical tenant cannot reasonably be expected to agree to rent prohibited by law. Where the record does not establish standard rent for vacant land, demolished premises or reconstructed buildings, and the objector has not supplied sufficient valuation material, market-value-based assessments cannot be conclusively resolved on that record. Valuation objections require fresh consideration after parties are given an opportunity to produce relevant material. Case-Laws Indian Laws Fri, 11 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184393