Tax and Land Information Website
Farm Building Assessment
To request consideration of farm building assessment on your property for assessment and property tax purposes, you must complete and file the Application for Farm Building Assessment Review form.
A recent review of farm building assessments across Prince Edward Island examined how the sustained economic downturn in the agricultural industry has affected the market value of farm buildings. As a result, a 25 percent depreciation adjustment on farm buildings which qualify has been implemented.
As a property owner, you may be eligible for farm building assessment if you:
Own a farm building specifically designed and used for the production of pork, beef, potatoes, sheep and lambs
Own a bona fide farm property containing farm buildings that are no longer being used for their original purpose
This page is prepared for information purposes only, and should not be considered a substitute for the applicable statutes. Should there be any conflict between the contents of this page and the statutes, the statutes shall prevail.
Application for Farm Building Assessment Review