Farm Property Class Tax Rate Program
Property tax reduction for active farmland.
Deadline
Ongoing
Amount
No Maximum
Type
Tax Incentive
Provider
Government of Ontario
Funding Details
Tax Exemption:
- If you are eligible for the Farm Tax Program, your farmland is taxed at no more than 25% of your municipality’s residential property tax rate
- Farmland does not include land and buildings used for residential purposes
Eligibility:
- If your farm business earns more than $7,000 per year in gross farm income and you hold a valid Farm Business Registration (FBR) number
- There are a number of factors that affect your farm property’s value; the possible components of your assessed value are:
- Farmland
- Residence
- Residence land
- Farm outbuildings
- Other buildings or structures