Long-term Care Home Assessments

Assessment approach

We use what's called the direct capitalization approach to value long-term care homes. To do this, we:

Estimate the annual revenue that can be generated by the home.
Deduct the annual expenses that are necessary to support the revenue stream.
Apply a capitalization rate to the long-term care home's net income to estimate a current value for the property.

For more details on how we assess long-term care homes, please see our long-term care home methodology guide.

By filing your Property Income and Expense Return, you help us ensure that your property values are based on up-to-date and accurate information.