“These land values are fixed for rating until new values are issued to council,” he said.

“Landowners in Moree Plains LGA were last issued with a Notice of Valuation showing their property’s land value as at July 1, 2007.

“The total land value of the Moree Plains LGA as at July 1, 2011 was approximately $3.368 billion. This is an overall increase from the total land value of $2.499 billion determined as at July 1, 2007,” Mr Western said.

“Property sales are the most important factor considered by valuers when determining land values.

“Real estate analysis in the Moree Plains LGA has been comprehensive during the course of the 2011 valuation program, with 100 residential, 12 commercial, three industrial and 40 rural sales analysed,” he said.

During the four-year period since landowners in Moree Plains LGA were issued with Notices of Valuation, the value of residential, commercial and industrial land has generally remained steady.

The value of larger cropping properties and mixed farming and grazing land has generally shown a moderate increase with irrigation lands showing a slight increase in value.

Former grazing properties west of Moree which have recently been converted to cultivation have experienced a strong increase in value.

The value of rural residential/hobby farm land has generally shown a slight increase, with the exception of smaller sites of less than one hectare surrounding the villages, which have shown a strong increase in value since July 1, 2007.

Land values in the village areas of Mungindi and Pallamallawa have generally shown a moderate increase, while village land in Boggabilla has shown a strong increase in value.

If you would like to know more call 1800 110 038 or visit www.lpi.nsw.gov.au/valuation