Today's date: Saturday February 23, 2019
column width padding column width padding

The Wellington Advertiser Masthead Logo

We Cover The County...
40,052 Audited Circulation

WEEKLY POLL   |   Community News   |   EQUINE   |   Schools & Buses

Wellington Weddings 2019
Business Leader Banner
column width padding column width padding

OFA offers advice on reading farm property assessment notices

GUELPH - The latest round of Ontario farm property assessments are in the mail. Every four years, the Municipal Property Assessment Corporation (MPAC) updates assessments on all properties for tax purposes, including farm property. This year’s assessments reflect new property values as of Jan. 1, 2016.

MPAC’s assessment notices contain important information for Ontario farm property owners. The Ontario Federation of Agriculture (OFA) encourages all members to carefully review the assessment notices. They contain information that could impact property tax bills – including the new assessed value of the farm property and residence, and the appropriate property tax classification. It’s also important to remember MPAC’s assessment values are one half of the equation that determines property tax bills – municipal tax rates are the other half.

OFA members should carefully review their assessment notices and here are a few things to keep in mind.

Check the classification. Be sure your property is still properly classified in the Farm Class Tax Rate. If the farm property has fallen out of the farm rate, the property will be classified and taxed at a higher residential tax rate.

Understand the values. The assessment notice lists two values – the previous assessment as of Jan. 1, 2012 and the new 2016 value. The difference between these numbers is the increase in property assessment over the last four years. Any increase in the assessment value of the property is not applied immediately, but is phased in equally over a four-year period. This may have an impact on property tax rates, depending on the municipality.

OFA members can get more detailed information on their assessment at Login information is located on the assessment notice. Members should also ask themselves if they agree with the new 2016 assessment, remembering the new assessment is based on the value of the property if it was sold on Jan. 1, 2016.

Ask for a review. If you don’t agree with MPAC’s 2016 assessed value of your property, after reviewing the notice, you can file a request for reconsideration. The deadline to file a request is printed on the assessment notice. Visit for more information on understanding the MPAC farm property assessment notice.

OFA works closely with MPAC to advocate for a fair assessment process for farm property and will continue to work on behalf of our members to ensure this year’s assessments reflect Ontario farmland property values.

submitted by Peter Lambrick, director, OFA

October 21, 2016


Tell Us What You Think

Login to submit a comment

Comments appearing on this website are the opinion of the comment writer and do not represent the opinion of the Wellington Advertiser. Comments that attack other individuals or are offensive, unsubstantiated or otherwise inappropriate will be removed. You must register or log in in order to post a comment. For more information, read our detailed Comment Policy and Guidelines.



Wellington North Guide 2018-2019

Related Stories

  • Rainbow Chorus brings Broadway to Guelph stage
  • Arts council welcomes new executive director
  • Police see high costs from pocket 9-1-1 calls
  • Farm and Food Care opens for business
  • Military history lectures at citys Civic Museum
  • Animal tracking workshop to be held at Guelph Arboretum
  • OFA President speaks to stand for green energy
  • Auditions for Youth choir
  • Concert band hosts celebration
  • Living with Less free workshops start Jan. 16
  • Paper Hammers helps Habitat for Humanity
  • Grain Farmers of Ontario add elevators to SellSmart app
  • Trillium grant to help adults with disabilities
  • Area appeal raised over $3 million for annual United Way campaign
  • New Years Day concert at River Run Centre
  • Rotary Club offers Sparkles in the Park
  • column width padding column width padding column width padding

    The Wellington Advertiser





    Digital Publications


    Twitter Logo

    Free Press News Network Logo