Municipal Discount Factors (MDFs)/Provincial Land Discount Factors (PLDFs) are one of a number of methodologies used in the recalculation of phased-in assessments. MDFs/PLDFs are used when changes, such as new construction, have been made to a property. The factors are used to ensure the phase-in for that property represents only the market increase. They are calculated for each property class, in each municipality.
Municipal Discount Factors and Provincial Discount Factors
Note: The applicable law prevails to the extent there is any conflict between this information and the current law. This information is not intended to provide legal advice and should not be relied upon as such.