The farmland tax rate is the property tax rate applied to land used for agricultural purposes, typically set significantly lower than residential or commercial rates. Most provinces mandate reduced taxation for qualifying farmland, recognizing that agricultural land generates income differently than other property types and that high taxes could force farmland out of production. Eligibility requirements specify minimum parcel sizes, types of agricultural activity, and income thresholds. Farm buildings used for agricultural purposes often qualify for the same preferential treatment. Lower farmland taxes help preserve agricultural land near growing cities, where farm properties would otherwise face pressure to sell for development to cover taxes. The tax reduction represents a policy choice valuing food production, rural character, and agricultural economy. Some farmland programs require repayment of tax benefits if land is later developed.