Home Owner Grant

May 27, 2013

Just a gentle reminder to all you homeowners….don’t forget to apply for your HOME OWNER GRANT…don’t assume that it applies itself.

About The Home Owner Grant

The purpose of the home owner grant is to help reduce the amount of residential property tax British Columbians pay. The home owner grant applies to taxes paid by British Columbians to their municipality or to the Surveyor of Taxes for rural areas.
The grant is available to Canadian citizens or holder of permanent residency status in Canada, who live in British Columbia, and he or she must occupy the home as his/her principal residence.
From the Government of BC website:

“For 2013, the home owner grant will be reduced on higher-valued properties by $5 for each $1,000 of assessed value over $1,295,000. The basic grant is eliminated on homes assessed at $1,409,000 or more, and the additional grant is eliminated on homes of $1,464,000 or more.”

There is also some very useful information on the City of Vancouver website:

“The Province of BC requires all eligible claimants to re-attest their eligibility each year. This means that the owner must re-affirm that they are entitled to claim a grant for the current year, even if they successfully claimed a home owner grant in the prior year.
Whether claiming online or on paper, it is critical that your submission reach the City by the July due date.”
If you are not already familiar with applying for this grant please visit this website to see exactly how to apply.

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