Released on Saturday based on property sales, the valuations are one factor councils use to determine e each landholder’s rating liability.

The Eurobodalla posted a median land value of $155,000 in July, 2014, which was no change from the July 2013, value.

There were 23,821 valuations undertaken in the shire.

Shoalhaven’s $158,000 median land valuation was also unchanged from 56,579 valuations in the local government area.

Bega Valley’s median land value was $134,000 in July 2014 – up 0.75 per cent from $133,000 the previous year.

When it came to inland regional residential land, areas close to Canberra had the highest median land values of inland centres, with Queanbeyan

($266,000) the highest followed by Yass Valley ($172,000).

NSW Valuer General, Simon Gilkes said the value of land state-wide had increased by more than 11 per cent, exceeding $1.12 trillion.

“Almost 2.5 million residential, rural, business and industrial land values for properties in NSW were assessed,” Mr Gilkes said.

“Property sales are the most important factor considered when determining land values and valuers analysed over 43,000 property sales across NSW as at July 1 2014.

“Overall residential land values for NSW increased by 13.12 per cent in the 12 months to 1 July 2014, compared to a 3.21 per cent increase for the year to 1 July 2013.”

Over the coming weeks more than 882,000 Notices of Valuations will be sent to ratepayers in 45 LGAs, showing the value of residential, rural, business and industrial properties based on market conditions.

Mr Gilkes said the latest land values would help 45 local councils determine the amount of council rates landholders would pay.

“While important, valuations are only one of the factors councils use to determine each landholder’s rating liability,” he said.

“Increases or decreases in land values do not necessarily lead to similar increases or decreases in rates.”