4
In forceWorking out averaging factor 2 for averaged value of land
Schedule 2Averaged value
4 Working out averaging factor 2 for averaged value of land
Averaging factor 2, for a tenure of a particular category, is the factor, expressed as a percentage, worked out using the following formula—where—
T2 means the total of the values of all land in the State subject to a tenure of that category for rental period 2.
T1 means the total of the values of all land in the State subject to a tenure of that category for rental period 1.
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