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Valuation method

Detailed information on how different property land types in NSW are valued can be found in the Valuer General's valuation policies. The policies set out the methods that valuers use to value specific types of land and when those methods are applied.

What is land value?

Land value is the value of your land only. It does not include the value of your home or other structures and improvements.

Land values in New South Wales are determined at 1 July each year in line with the Valuation of Land Act 1916.

How is land valued?

Most land in NSW is valued using a mass valuation approach.

Image showing the land valuation process

Any concessions and/or allowances applying to your land under the Valuation of Land Act 1916 will be printed on your Notice of Valuation or land tax assessment.

The legal effect of encumbrances such as easements, rights of way, title covenants, caveats and 'restrictions to user' are not considered when determining land values. Only the physical effect of encumbrances can be considered in the valuation and land value review process.

Your personal circumstances, council rates and land tax liability are not considered when determining land value.

Detailed information on how different property land types in NSW are valued can be found in the Valuer General's valuation policies. The policies set out the methods that valuers use to value specific types of land and when those methods are applied.

Further information on how we value rural land, strata sites and irrigation properties is available.

For more information about the valuation process view our Understanding land values video.

 
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