The average land value in Dubbo has increased by more than 25 per cent, while in Wellington it's risen by 55 per cent, according to the Valuer General.
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The land values were undertaken to allow Dubbo Regional Council to calculate rates.
They are based on the property market as of July 1, 2019. The valuations are based on the land only and do not include the house or any other structures on the property.
The majority of properties in the LGA, at 53 per cent, are residential Dubbo urban.
There are currently more than 14,100 properties that fall under the category.
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Of those, 761 decreased in their land valuation, 615 were unchanged and the rest went up in value.
The area that had the largest increase in variation - up to 60 per cent - was in Leonard and Caroline Streets. Meanwhile, Alcheringa, O'Donnell and Whylandra streets had an average reduction of 34 per cent.
For those within the classified area, the smallest rate bill they can receive for 2020/21 is $701.70.
In residential ordinary areas in Dubbo, which is comprised of 1681 properties, the valuations had an average increase of 24 per cent.
However, there was a large variation within the category. Land valuations went from a seven per cent decrease in value to an increase of 150 per cent.
In the villages, the average was an increase of 13 per cent. However, 15 of the 19 properties to experience decreases were in Eumungerie.
For land classified as residential village, the minimum rates bill for the financial year is $553.05.
It's not just residential land has has been valued, but also business.
There are seven sub-categories of businesses in the LGA. Of all the businesses, 1043 properties are categorised as business ordinary.
Overall, the land valuations saw an increase of 21 per cent. One property on Sheraton Road increased in value from $350,000 to $2.7 million.
The proposed minimum rate for 2020/21 for business ordinary properties is $701.70.
There are another 391 properties classified as business CBD in Dubbo.
Overall, the average increase was 31.36 per cent.
Like the ordinary business properties, the minimum rates for the CBD business properties is $701.70.
Residential properties in Wellington have also seen an increase in valuations.
For the 922 properties classified as residential ordinary, the average valuation increase was 32 per cent. There were properties in Stuart Town and Euchareena that showed significant increases.
Meanwhile, the 2065 residential properties had an average valuation increase of 13 per cent.
Properties in Montefiores saw the largest rise in valuations.
Orlander Ruming
Deputy editor at the Daily Liberal, covering council, politics, human interest stories, community news and everything in between.
Deputy editor at the Daily Liberal, covering council, politics, human interest stories, community news and everything in between.
