Claim your home owner grant to reduce your property tax
The Home Owner Grant is a provincial program that helps reduce the amount of residential property tax you pay.
Did you know? The Province has reduced the Home Owner Grant threshold for 2014
The 2014 Home Owner Grant threshold of assessed value has been lowered to $1,100,000. The grant is reduced by $5.00 for each $1,000 above the threshold.
- The basic grant is eliminated when the assessed value reaches $1,214,000
- The additional grant is eliminated when the assessed value reaches $1,269,000
If you have concerns about the threshold change, please contact the Province's Home Owner Grant Administration Branch:
- Email: email@example.com
- Call: 1-888-355-2700
Be sure to apply each year
If you are eligible for the grant, the Province of BC reduces your taxes by the amount of the grant.
You must apply for your Home Owner Grant each year (by the July due date of your main property tax bill) in order to avoid penalties..
You still need to claim your grant if you are paying your taxes through your mortgage, the Tax Instalment Pre-payment Plan, or through tax deferment. Even if you cannot pay the balance of your taxes for any reason, you may still submit a grant by itself in order to receive its benefit.
On the Province of BC's website:
- Learn more about the Home Owner Grant
- Read the explanatory notes on the Home Owner Grant and eligibility
Apply for the grant correctly to avoid unnecessary penalties
If you qualify for the grant, but do not complete the application correctly and completely, your grant can not be processed and the City will not receive the grant money from the provincial government.
Your property tax account will show an unpaid amount, and you will be charged a 5% penalty on the outstanding property tax balance. As well, if there is still a balance owing on 1 January of the following year, then daily interest will also be charged.
How to claim your home owner grant
To claim your home owner grant, you can:
- Claim your grant online
- Mail your claim to Revenue Services
- Bring your claim in person to the Revenue Services desk
- Fax your claim to Revenue Services
Sending your grant by the due date is not enough - the Tax Office must receive your grant by the due date.