The government of Guam debt ceiling/limit is calculated by determining the appraised value of all taxable land and improvements on Guam which have been verified by the Department of Revenue and Taxation as certified by the Board of Equalization. The total aggregate assessed value is calculated at one hundred percent (100%) of the appraised value which excludes the values listed under § 24401 (a) to (f), Chapter 24, Title 11 GCA. Upon calculation of the total aggregate assessed value, ten percent (10%) of such amount calculates the overall government of Guam debt ceiling/limit.