The Province is raising the 2018 homeowner grant threshold to $1.65 million, keeping the same percentage of British Columbia homes below the threshold as in 2017(91 percent).
To be eligible for a grant, the home must be used as the owner’s principal residence. The homeowner grant is automatically calculated on a homeowner’s property tax notice.
The homeowner grant amounts are:
Some low-income owners, such as seniors or people with disabilities, can apply to supplement their homeowner grant if it has been reduced or eliminated because of the high assessed value of their principal residence. Homeowners may also be eligible for property tax deferment if they are 55 years or older, or are financially supporting a dependent child.