Basic Home Owners Grant
The basic grant can reduce your property tax by as much as $570 on properties assessed up to $1,050,000 & continues on a sliding scale up to $1,164,000, where the grant is eliminated. The tax payable ensures that all homeowners (or eligible occupants, which includes an eligible occupant of an eligible apartment, housing unit, land cooperative or multi dwelling leased parcel) contribute towards the funding of local services such as road maintenance and police protection.
For further information please call the Government (small business & revenue dept) toll-free direct at 1-888-355-2700.
To be eligible for the grant, you must meet the following criteria:
You are a Canadian citizen or landed immigrant and ordinarily reside in British Columbia
You are the registered owner or eligible occupant of the home. The home must be located within the province.
The home is your primary residence – where you live and conduct your daily activities. The grant does not apply to summer cottages, second homes or rental properties.
Spouses who live together, including those who are married or who live together in a marriage-like relationship, including same-gender partners, can qualify for a grant on only one residence in the province in a calendar year.
Spouses who live apart can each claim a grant on their principal residence if they have a written separation agreement or a court order recognizing the separation.
For more information on the home owners grant please visit the link provided:
http://www.sbr.gov.bc.ca/individuals/Property_Taxes/Home_Owner_Grant/hog.htm
"Every real estate transaction must satisfy and fulfill your unique real estate needs." As a full time realtor, Chris Tioseco has an extensive knowledge of Vancouver, this wonderful urban city that he calls home. Driven to deliver exceptional results, Chris approaches each real estate opportunity with the same enthusiasm, expertise and professionalism that he would his own. Selecting your next home is one of the most important decisions you will ever make. Let Chris work diligently with you to achieve your current and future real estate goals." Site Updated [ 04/23/07 ]