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Managed Forest Property Assessment 101

Many woodlot owners, particularly those in the Managed Forest Tax Incentive Program (MFTIP), often wonder how their assessments were calculated. And it seems that when talking about property assessment, it is never simply a “black and white” explanation.

Hopefully, this article will shed some light on how managed forest properties are assessed. It is intended to serve as a refresher for everyone on MPAC’s assessment methodology, which was implemented in 2006 as part of enhancements to the MFTIP program.

First, let’s look at the main overriding principles of how managed forest (MF) properties are assessed.

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