The home owner grant reduces the amount of property taxes you pay each year for your principal residence.
If you’re a senior aged 65 or older, your property is assessed at $2,150,000 or less and you meet certain requirements, you may qualify for a higher amount of the grant called the additional grant.
For properties in the Capital Regional District, Metro Vancouver Regional District and the Fraser Valley, the total grant amount for seniors aged 65 or older is $845. For properties in any other areas of the province, the total grant amount for seniors aged 65 or older is $1,045.
Properties assessed over $2,150,000 may receive a partial grant.
You must pay at least $100 in property taxes before claiming the home owner grant. These minimum amounts of property taxes fund services such as road maintenance and police protection.
Find out:
To qualify for the additional grant:
You must
The assessed or partitioned value of your property must not exceed the grant threshold
You must meet additional requirements if you are buying or selling your property
The homeowner who meets these qualifications must be named as the applicant to receive the additional grant for the property.
Learn about what qualifies as a principle residence.
Learn about grant thresholds.
If you own a property with an assessed value of more than $2,150,000 and you have an adjusted net income of $32,000 or less, you may qualify for a low income grant supplement for seniors.
Learn about partitioning your property value.
Find out how buying or selling a property will affect your home owner grant.
Find out when and how to apply for the home owner grant.
If you qualified for the grant last year and didn’t apply, you may be able to claim the grant retroactively.
If you own a property with an assessed value of more than $2,150,000 and you have a low adjusted net income of $32,000 or less, you may qualify for a low income grant supplement for seniors.
Contact us if you have any questions about the home owner grant.