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Co-op housing home owner grants

Property taxes for co-ops are based on their tax rate and your unit share of the co-op itself.

If you own a share in a co-op, you may be eligible to claim a Home Owner Grant to reduce the property taxes you pay.

Property tax due dates

Advance taxes:  February 4, 2019

Main taxes: July 3, 2019

Home owner grant: July 3, 2019

How to apply for a home owner grant

Co-op owners need to:

  1. Instruct your eligible occupant(s) to complete and submit the Application for Home Owner Grant - Eligible Occupants (FIN 68) to you.
  2. Use the information provided on the completed Application for Home Owner Grant - Eligible Occupants (FIN 68) forms to complete the Multiple Home Owner Grant Online Application .
  3. Print two copies of your completed Multiple Home Owner Grant Application.
  4. Send one of the printed copies of the Multiple Home Owner Grant Application and the completed Application for Home Owner Grant - Eligible Occupants (FIN 68) forms to the Property Tax office by the due date to avoid late penalty charges.

Find more information on the Multiple Home Owner Grant Application

2019 home owner grant threshold $1.65 million

In 2019, the home owner grant threshold of assessed or partitioned value is $1.65 million. The grant is reduced by $5 for each $1,000 above the threshold.

  • The basic grant is eliminated when the assessed or partitioned value reaches $1.764 million
  • The additional grant is eliminated when the assessed or partitioned value reaches $1.819 million

Note If you qualify for the seniors or other additional grant, but the grant amount has been reduced or eliminated due to the $1.65 million threshold, you may still be eligible for the low income grant supplement .