B.C. chops $11 million from home owner grant

Lower threshold hikes tax bill for 18,000 homes assessed at values around $1.2 million

Some B.C. home owners have discovered they’re paying more in property tax this year because of a cash clawback by the provincial government.

The provincial finance ministry reduced the threshold to qualify for the full home owner grant toward property taxes from $1.295 million in 2013 to $1.1 million this year.

That means homes assessed between those two amounts have now lost some or all of the home owner grant they previously received, leaving a higher property tax bill to be paid.

Finance ministry spokesman Jamie Edwardson said the change reduces or eliminates the home owner grant for 18,000 property owners, or about 1.5 per cent of the ones previously eligible.

Just over 93 per cent of B.C. home owners now qualify for the grant, down from about 95 per cent last year.

Assessed property values decreased in many parts of the Lower Mainland over the past year, although not by anywhere near as much as the 15 per cent cut in the threshold for the home owner grant.

Edwardson said the reduced threshold “means we are able to direct approximately $11 million to other priority programs.”

He noted the province has low-interest loan programs that allow many home owners – including those over 55, people with disabilities and families with children – to defer some or all of their property taxes until they sell their home or it becomes part of an estate.

The home owner grant is worth $570 and is reduced by $5 for every $1,000 in assessed value over the threshold, meaning there’s no grant on homes worth more than $1.214 million.

Just Posted

Quick-thinking residents help contain fire in Colwood

Department says fire would have been worse if not for actions of tenant and neighbour

Unlike other districts, SD62 not cutting back on carpet cleaning

Sooke School District adds more custodians because of portables

New apartment buildings move forward in Langford

Belmont Place Apartments on Jacklin Road will feature 222 units when finished

High winds cancel slew of BC Ferries sailings

Travel to and from Victoria and Vancouver as well as Northern Gulf Islands affected

View Royal’s byelection results are in

The winner is Damian Kowalewich

VIDEO: Rare comic showing Superman’s 1st appearance to be auctioned

The 1938 comic features Superman hoisting a car over his head

‘An officer and a gentleman’: Const. John Davidson is laid to rest

Thousands attend memorial service for slain Abbotsford Police officer

VIDEO: Coquihalla closed both directions near Merritt

Detours are available via Hwy. 8 and Hwy. 1

VIDEO: The Last Jedi is going to be the longest ‘Star Wars’ movie yet

Newest movie in the franchise will beat Star Wars: Episode II - Attack of the Clones

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week.

PHOTOS: Procession and funeral for Const. John Davidson

Thousands attended celebration of life for Abbotsford police officer

B.C. Liberal leadership candidates debate different paths for party

Third debate held Sunday, Nov. 19 at Nanaimo’s Vancouver Island Conference Centre

Saanich police officer wins View Royal byelection

The day planner of a Saanich police officer suddenly got a lot… Continue reading

Apology to Canadians persecuted for being gay coming Nov. 28: Trudeau

Thousands were fired from the military, RCMP and public service because of their sexual orientation

Most Read