The Home Owner Grant threshold rises with
• The Home Owner Grant program began in 1957.
• The grant is not provided automatically. Home owners must apply every year.
How is the threshold established?
BC Assessment estimates the value of all BC homes on July 1 each year. The Ministry of Finance reviews this data
and adjusts the Home Owner Grant threshold to ensure at least 95.5 per cent of eligible homeowners receive the
This move ensures more than one million home owners in BC may be eligible to receive the full grant. Owners of
homes valued above the threshold may qualify for a partial grant.
The basic Home Owner Grant gives home owners:
- a maximum reduction of $570 in property taxes on principal residences in the Capital, Greater Vancouver
and Fraser Valley regional districts;
- an additional grant of $275 to seniors aged 65+, those who are permanently disabled and war veterans of
certain wars, or low-income Canadian Forces veterans who don’t already qualify as seniors or persons with
- a Northern and Rural Area Homeowner Benefit which increases the Home Owner Grant by $200 to provide
additional property tax relief for northern and rural British Columbians.
Basic grant: for 2013, the basic grant is reduced by $5 for each $1,000 of assessed value over $1,295,000, and is
eliminated on homes assessed at $1,409,000 or more.
Additional grant: for 2013, the additional grant is reduced by $5 for each $1,000 of assessed value over $1,295,000,
and is eliminated on homes assessed at $1,464,000 or more.
Home Owner Grant Thresholds
“The Home Owner Grant helps keep
– Minister of Finance Michael de Jong
Canadian citizens and landed immigrants residing in their principle residence are eligible for the grant.
The BC Government also provides property tax deferral programs for qualifying property owners including those age 55+,
persons with disabilities, and families with children.
Deferment programs are low-interest loan programs that allow qualifying residents to defer all or part of their property taxes
until they sell or transfer ownership of their home, or it becomes part of an estate.
Home owners planning to participate in a tax deferment program should seek appropriate financial advice. For information
on BC property tax deferment programs, visit:
For information, visit: www.sbr.gov.bc.ca/hog