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Home Owner Grant to help with property taxes in 2023
The Home Owner Grant will continue to cover 92% of residential properties in B.C. with the threshold set at $2.125 million for 2023.
The basic grant amounts remain the same as last year.
For homeowners in northern or rural areas (outside Metro Vancouver and the Fraser Valley and Capital Regional districts), the basic grant amount is as much as $770 or as much as $1,045 for homeowners 65 or older, veterans and for people who have a disability or live with a relative who has a disability.
In 2022, the Home Owner Grant program provided additional relief to almost half a million seniors throughout the province and approximately 13,000 persons with a disability. More than one million applications to the program were approved, the B.C. Ministry of Finance outlined.
The best time to apply for the Home Owner Grant is in May after people have received both their BC Assessment notice and their municipal or rural property tax notice. Assessment roll and jurisdiction numbers are needed to apply.
People are encouraged to check online for their application status, particularly as the deadline to pay property taxes nears, to ensure that they are not billed for any late-payment fees or penalties.
B.C. homeowners may also be eligible for B.C.’s Property Tax Deferment program. It is a low-interest program for homeowners who meet criteria, including:
* supporting a dependent child (Families with Children Program);
* 55 or older during the current year;
* a surviving spouse of any age; and
* a person with disabilities.
Homeowners can apply for the Home Owner Grant and Property Tax Deferment securely online.
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