Long-term Care Home Assessments

Long-term care homes are residences where adults can live, receive help with daily activities and have access to nursing and personal care. They can include nursing homes, senior care centres and may be part of a continuum of care facility (apartments, retirement homes, life lease, etc.). 

How your long-term care property is assessed

We use the income approach to value long-term care homes, which is based on the present worth of anticipated future income.  

1. Estimate the annual revenue that can be generated by the home.
2. Deduct the annual expenses that are necessary to support the revenue stream.
3. Apply a capitalization rate to the long-term care home's net income to estimate a current value for the property.

To learn more, review the methodology guide.

Assessment Information Requests

ach year, MPAC collects financial and operating expense information from income generating properties as part of our Property Income and Expense Return, the largest data collection campaign under our Assessment Information Request Program. This annual initiative is crucial to our efforts to maintain accurate property records, deliver quality assessments, and inform changes to Ontario’s property landscape.

For general information about Assessment information requests, visit mpac.ca/AIR. For more information, including submission resources, deadlines and compliance requirements, visit mpac.ca/PIER.