Retirement Home Assessments

Assessment approach

We use what's called the "direct capitalization approach" to estimate a current value for retirement homes. To use this method, we:

1. Estimate the annual revenue that can be generated by the home.
2. Deduct the annual expenses that are necessary to support the revenue stream.
3. Apply a capitalization rate (cap rate) to the retirement home's net income.

More information

For more details on how we assess retirement homes, please see our Retirement 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. 

Learn more about filing your Property Income and Expense Return.