Golf Course Assessments
There are different types of golf course ownership and operations. For example:
- daily fee or exclusive courses
- private, semi-private, executive, resort
- simple check-in or high security
Golf courses also offer a range of services including:
- restaurants
- pro shops
- concessions
- locker rooms
- other recreational facilities (e.g. tennis courts, swimming pools)
How your golf course is assessed
MPAC primarily uses the income approach to value golf courses, which is based on the present worth of anticipated future income.
To establish the current value of a golf course, we:
- Estimate the annual revenue that can be generated by your course
- Subtract the operating expenses.
- Apply a capitalization rate to the course's net income to estimate the current value of your property.
To learn more, review the methodology guide.
Filing your Property Income and Expense Return
By filing your Property Income and Expense Return, you help MPAC ensure that your property values are based on up-to-date and accurate information.
Learn more about filing your Property Income and Expense Return.
