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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, 2020

Main taxes: September 30, 2020 (Extended deadline – learn more

 You can make your payment at any time after receiving your tax notice in the mail.

Home owner grant: September 30, 2020

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

2020 home owner grant threshold $1.525 million

In 2020, the home owner grant threshold of assessed or partitioned value is $1.525 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 $1.639 million
  • The additional grant is eliminated when the assessed or partitioned value reaches $1.694 million

Note If you qualify for the seniors or other additional grant, but the grant amount has been reduced or eliminated due to the $1.525 million threshold, you may still be eligible for the low income grant supplement .