Farm Property Class Tax Rate Program
One of the ways the Government of Ontario supports agriculture is through the Farm Property Class Tax Rate Program.
If you are eligible for the 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.
Offered by Ontario Agricorp
Amount
Farmland is taxed at no more than 25% of your municipality's residential property tax rate
Quick eligibility check
Who can apply
Agricorp assesses your property's eligibility for the Farm Property Class Tax Rate Program based on four program eligibility requirements.
Eligibility requirements
MPAC has assessed your property as farmland.
The Municipal Property Assessment Corporation (MPAC) classifies your property based on requirements set by the Government of Ontario through the Assessment Act.
Your property is used for a farm business.
Your property is actively being farmed by yourself, a tenant farmer or both and generates an annual gross farm income of at least $7,000. All farm income and expenses need to be filed with the Canada Revenue Agency. An annual gross farm income exemption may apply.
The farm business on your property has a valid FBR number.
Ontario farm businesses that gross $7,000 or more in annual farm income are required by law to register their businesses with Agricorp each year under the Farm Business Registration (FBR) program. An exemption may apply.
The property is owned by Canadian citizens or permanent residents.
If the property is owned by a corporation, more than 50% (i.e., 50.1%) of the voting shares need to be legally owned by individuals who are Canadian citizens or permanent residents of Canada. Requirements for other ownership types can be found in the Assessment Act and Ontario Reg. 282/98.
About the funding
If you are eligible for the 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.
