Farm Property Class Tax Rate Program
No fixed amount
Tax Credit
Description:
The Farm Property Class Tax Rate Program, also known as the “Farm Tax Program,” is one of the ways the province of Ontario supports agriculture. Through the program, farmland owners receive a reduced property tax rate.
Comments on Funding:
Eligible farmland is taxed at no more than 25 per cent of the municipality’s residential property tax rate.
Continuous Intake
Eligibility:
Applicants must be farm owners
Application Steps:
Applicants must
1. Buy farmland or make a business structure change (changing to or from a sole proprietorship, corporation or partnership) to your farming operation
2. Property owners may access the application on Agricorp’s website if they need to apply because they have recently purchased farmland, there has been a change in ownership of their property, if MPAC has assessed their property as farmland, etc.
Documentation Needed:
Applicants must submit Application Form.
Other Things to Note:
About the author
Maurice