NEW figures have revealed land values in the Leeton local government area experienced a "strong increase" between 2016 and 2019.
The latest land value numbers for the Leeton LGA have been released by the valuer general, which assessed 3498 residential properties.
In 2019, these residential properties as a collective were found to be worth $269,827,940, compared to $254,018,170 in 2018.
The Leeton LGA's commercial, industrial, non-urban/rural, special use, environmental and recreational zones were also assessed.
According to the valuer general's report, the strong increase is largely being driven by the rural sector, despite the dry seasonal weather conditions.
The report also noted over the last 12 months the sales and resales of properties indicated little variance in values throughout the year, with only slight movement evident from August 2018 to July 1, 2019 for properties.
The strong increase for residential land values in the Leeton LGA between 2016 and 2019 has also been mostly driven by a solid increase in land values for low density residential land apart from the Golf Club Estate which showed a decrease in land values.
Overall, the shire's villages showed a moderate increase in land values from 2016 to 2019.
The NSW acting deputy valuer general Paul Chudleigh said property sales are the most important factor considered by valuers when determining land values.
"It is important to note that land value is the value of the land only and does not include the value of a home or other structures," he said.
From 2016 to 2019, rural land values across the Leeton LGA showed a "very strong increase", according to the report.
Most of the increase was driven by high demand for irrigation farms and horticultural blocks.
Land values are one factor used by councils to calculate rates, but it doesn't always mean rates will rise.
"Each council develops a revenue policy to use when calculating rates to fund services," Mr Chudleigh said.