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Nearby facilities to be considered while valuing property

October 26, 2018[2018] 98 434 (Article)
A king once ordered that value of all lands owned by individuals be correctly reported to him for taxation. The king’s soldiers set out to find out the truth. One fellow who had a grouse against his neighbour, spread a rumour that there was a pot of gold beneath the land of next door occupant. The king’s soldiers immediately fixed the value of land at an exorbitant sum. The poor fellow fell near the king’s feet. Being sagacious, the king made inquiry and found out the truth.
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