Farm property methodology guide

Purpose of the farm property methodology guide

This guide gives you in-depth information on our farm property valuation process.

Who this is for

The methodology guide was prepared by MPAC for:

• farm property owners and their representatives
• municipalities and their representatives
• Assessment Review Board members
• provincial officials
• MPAC assessors
• the general public

What's inside

This guide outlines the valuation process followed by our assessors. The content includes in-depth information about:

• the types of farm properties
• legislation
• consultation and disclosure
• classifications
• machinery and equipment
• replacement, depreciation and obsolescence
• data collection and analyses
• valuations
• market analytics
• values testing and valuation determination

Read MPAC's Methodology Guide: Valuing Farms in Ontario.