New land values for NSW

Find out more about the Valuer General’s report on the 1 July 2023 land values across NSW.

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The NSW Valuer General is responsible for providing independent and impartial land values for use by the state government and councils for taxing and rating.

The report on NSW land values provides an overview of the 1 July 2023 land values across NSW and how they were made.

What is the Valuer General

Learn more about the role of the NSW Valuer General in maintaining fair and consistent land values, assisting councils and the state government in determining land rates and taxes.

Determination of land values

Valuers have determined the 2023 land values for over 2.6 million properties across NSW, reflecting the market value as at 1 July 2023. Land values do not include the value of a home or other structures.

How is my land value calculated

Find out how your land value is calculated by expert accredited property valuers.

How does the mass valuation system work?

Discover how land values are determined in NSW using the mass valuation system.

Application of new land values

Land values are used by councils to set rates and by Revenue NSW to calculate land tax.

Land tax

The new land values will be used by Revenue NSW to calculate land tax for the 2024 land tax year. Registered land tax clients will receive their land tax assessment from Revenue NSW from January 2024. More information on land tax can be found at revenue.nsw.gov.au.

Council rates

Councils receive new land values for rating at least every 3 years. All councils are currently using 1 July 2022 land values for rating. Councils will use 1 July 2025 land values for rating from July 2026.

Land values are one factor used by councils to calculate rates. When land values are used by councils to set rates, the Valuer General sends landholders a Notice of Valuation to advise the new land value to be used for rating.

Find out more about land values.

NSW land valuations summary

Total number of properties and land values by land use
Land use Total property count 2022 2023 % change in land value
Residential 2,247,463 $2,188,453,798,582 $2,104,727,219,711 -3.8%
Commercial 61,559 $153,658,536,765 $163,549,389,890 6.4%
Industrial 38,744 $114,580,266,503 $125,523,025,084 9.6%
Rural 241,263 $287,832,212,167 $305,012,348,901 6.0%
Other* 97,642 $102,606,201,414 $101,915,410,936 -0.7%

*Includes community uses, forestry, national parks, nature reserves, open space, recreation, reserved roads, special uses, mines and waterways zones.  

Read the full 2023 NSW land values report.

Total land values for NSW by region

NSW has been divided into 19 regional areas for the purpose of providing summaries to describe land value movements for the main property types in the region.

Region Total number of properties Total land value at
1 July 2023		 % change from total
1 July 2022 land value
Central Tablelands 88,911 $41,998,845,715
 6.4%
Central West NSW 75,125 $36,585,489,471
 14.9%
Hunter
 98,126
 $53,051,710,873
 -3.0%
Hunter Coast
 303,882
 $198,040,547,766
 -2.7%
Murray
 58,685
 $30,523,307,990
 11.9%
North Coast NSW
 272,137
 $152,237,694,342
 -4.1%
North West NSW
 62,543
 $42,978,276,857
 19.7%
Northern Tablelands
 38,085
 $19,654,381,131
 5.9%
Riverina
 79,951
 $44,251,302,091
 8.7%
South Coast NSW
 260,339
 $207,581,227,272
 -3.7%
South East Regional NSW
 80,350
 $50,805,060,714
 4.3%
Sydney Central
 334,087
 $563,238,198,535
 -5.6%
Sydney City
 177,899
 $158,931,878,525
 2.0%
Sydney Coast North
 28,143
 $132,033,232,287
 1.7%
Sydney Coast South
 114,777
 $290,897,475,387
 -3.5%
Sydney North West
 183,936
 $367,256,732,548
 -1.6%
Sydney Central West
 166,335
 $181,889,258,035
 -2.4%
Sydney South West
 236,168
 $221,174,369,549
 -0.2%
Western NSW
 27,192
 $7,598,405,434
 5.2%

View the land value summaries for residential, commercial, industrial and rural properties in all local government areas across NSW.

Read the full 2023 NSW land values report.

More information

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