Long-term Care Home Assessments
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.
Filing your Property Income and Expense Return
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.