One for you Nick Just received my land tax bills on two properties for NSW for the 2006 tax yr. However, the land values are exactly the same as the previous year. I can't believe that they haven't been adjusted down- is this right? How can they possibly value it the same? If I tried to sell one of these places with the cost of the modest building on top, I know I wouldn't get anywhere near what the land value is purported to be.