Annual Rental Value (ARV)

What is annual rental value?

The Annual Rental Value, or ARV, reflects the typical market rents for commercial space similar to your premise in the reference year or at the reference date. ARV is not necessarily the rent paid, but it is representative of the market rents.

ARV is equal to the net rent per square foot as determined by the market, plus comfortable costs to occupy, multiplied by the area or square footage of the premises leased or occupied.

Comfortable costs to occupy space consist of utility costs, including lighting, heat, water, and common area charges where applicable.

Finding business assessment information

You can search for detailed business assessment information including premise area, occupancy cost breakdown, and other details that are part of the calculation of Annual Rental Value. Click on business assessment search to search for business assessment information.