Condo construction in Victoria. Property values have continued to rise in most areas of B.C. in the past year. (Tom Fletcher/Black Press)

Condo construction in Victoria. Property values have continued to rise in most areas of B.C. in the past year. (Tom Fletcher/Black Press)

B.C. takes over homeowner grant applications, raises eligibility

Online system to open once property tax notices are out

B.C.’s annual homeowner grant will be paid out in full to offset property tax on homes valued up to $1.625 million this year, the latest increase to reflect the continued rise of property values.

The finance ministry sets the rate annually to ensure that most homeowners continue to be eligible for the subsidy, originally established by W.A.C. Bennett’s Social Credit government in 1957 to help people cope with rising property prices.

This year the province is taking over administration for urban areas as well as for rural B.C., meaning applications will be sent directly to the B.C. government using a new online portal that is being set up.

Early applications are not yet being accepted, although property assessments are out, showing increased values for most parts of the province. Homeowners are asked to wait for their municipal property tax notices, with the tax roll and jurisdiction numbers for the application.

RELATED: Speculation tax doesn’t slow B.C.’s hot housing market

RELATED: Metro Vancouver real estate sales shatter record in 2020

Starting this year, applications for the grant will go directly to the province, taking over the task from urban municipalities that have been processing them along with property tax payments.

The grant amount remains the same for 2021, up to $570 for homeowners in Metro Vancouver, the Fraser Valley Regional District and the Capital Regional District. Homeowners aged 65 and over, with a disability or living with a relative with a disability get up to $845.

For regions outside the three urban districts, the grant is up to $770, or $1,045 for seniors and people with a disability. The grant is reduced by $5 for every $1,000 of property value exceeding the annual threshold.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureBC politics

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Oceanside RCMP Cpl. Jesse Foreman visits the PQB News/VI Free Daily studios. (Peter McCully photo)
PQBeat: Interview with Oceanside RCMP operational support NCO Cpl. Jesse Foreman

Podcast: Talk includes policing, commercial fishing, COVID-19, Tour de Rock and more

People skate on a lake in a city park in Montreal, Sunday, January 10, 2021. THE CANADIAN PRESS/Graham Hughes
The end of hugs: How COVID-19 has changed daily life a year after Canada’s 1st case

Today marks the one year anniversary of COVID-19 landing in Canada

(File photo)
Case of COVID-19 confirmed in School District 69 (Qualicum)

Individual was at PASS/Woodwinds, with a last date of attendance of Jan. 22

Rolling seven-day average of cases by B.C. health authority to Jan. 21. Fraser Health in purple, Vancouver Coastal red, Interior Health orange, Northern Health green and Vancouver Island blue. (B.C. Centre for Disease Control)
2nd COVID vaccine doses on hold as B.C. delivery delayed again

New COVID-19 cases slowing in Fraser Health region

Cowichan Tribes chief Squtxulenhuw (William Seymour) confirmed the first death in the First Nations community from COVID-19. (File photo)
Cowichan Tribes confirms first death from COVID-19

Shelter-in-place order has been extended to Feb. 5

A woman wearing a protective face mask to curb the spread of COVID-19 walks past a mural in Victoria, B.C., on Monday, Dec. 7, 2020. THE CANADIAN PRESS/Marissa Tiel
5 big lessons experts say Canada should learn from COVID-19

‘What should be done to reduce the harms the next time a virus arises?’ Disease control experts answer

A Vancouver Police Department patch is seen on an officer’s uniform as she makes a phone call. THE CANADIAN PRESS/Darryl Dyck
Vancouver man calls 911 to report his own stabbing, leading to arrest: police

Officers located the suspect a few blocks away. He was holding a bloody knife.

Christopher Anthony Craig Dick is wanted by the Port Alberni RCMP in connection to multiple investigations. (SUBMITTED PHOTO)
Vancouver Island RCMP seek man connected to assault investigations

Christopher Dick, 36, was recently in the North Cowichan and Duncan region

Vernon has agreed to a goose cull to control the over-populated invasive species making a muck of area parks and beaches. (Morning Star file photo)
Okanagan city pulls the trigger on goose cull

City asking neighbours to also help control over-population of geese

Members of the Saanich Fire Department can be seen working to put out a fire in the 4500-block of Chattertown Way on Jan. 26. (Saanich Fire/Twitter)
One cat killed, another resuscitated following blaze in Saanich townhouse

Neighbours evacuated following fire on Chatterton Way, third cat still missing

Most Read