Eligible B.C. homeowners will continue to see reduced property taxes on residential properties through the homeowner grant program.
This year, the provincial government announced the grant will continue to cover 92 per cent of residential properties with "the threshold set at $2.125 million."
In 2022, the relief program helped nearly half a million seniors and about 13,000 people with disabilities, according to the B.C. government.
Similar to last year, the basic grant amount for homeowners in Metro Vancouver, the Fraser Valley and Capital Regional districts is $570.
The amount increases to $845 for older homeowners and veterans (65+), people with disabilities and those who live with a relative who has a disability.
Homeowners outside of these three regions — labelled northern or rural — can receive $770. If they are 65 and older, a veteran, or a person with a disability or have a relative with a disability, the basic grant increases to $1,045.
In addition, B.C. homeowners might be eligible for B.C.’s property tax deferment program. The following criteria must be met:
- 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.
For more information or to apply for the homeowner grant, visit the province's website.