The Province is raising the 2018 homeowner grant threshold to $1.65 million, ensuring the same percentage of British Columbia homes are below the threshold as in 2017.
Eligible homeowners must apply for the homeowner grant each year. 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:
- $570 for the basic homeowner grant.
- $770 if the home is located in a northern or rural area.
- Up to $845 for homeowners who are 65 years or older, or the homeowner is a person with a disability.
- Up to $1,045 for homeowners who are 65 years or older, or the homeowner is a person with a disability if the home is in a northern or rural area.