Rebate Tip! Many people are not aware that YOU must apply for this every year in order to qualify. Your bank or lender will not apply for it on your behalf. The BC Home Owner Grant Reduces property taxes for home owners with an assessed value of up to $1,100,000. The basic 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.
Source: BC Ministry of Small Business and Revenuewww.rev.gov.bc.ca/hog or contact your municipal tax office.