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

Armed ERT officers respond to firearm report near Chilliwack middle school Friday

School put in hold-and-secure in the afternoon as incident was resolved

Seven Days in Chilliwack

A list of community events happening in Chilliwack from Sept. 23 to 29

Girl Guides go back to basics with door-to-door cookie sales in Chilliwack, Agassiz

Chilliwack District Girl Guides’ cookie fundraiser will take place Sunday, Sept. 29

Abbotsford police chief speaking to Liberal candidate after second ad appears featuring photo of officer

Jati Sidhu had said an ad with the same photo posted last Friday was ‘not appropriate’

Chilliwack’s oldest school, Central elementary, celebrates 90 years

Historic photos, scrap books, the school song all part of upcoming 90th celebration

VIDEO: Seabird Island welcomes Indigenous canoe, kayak championships

The event saw athletes chosen to be on the B.C. development team for the 2020 North American games

‘This is savage’: Strip club owner suspects arson in Williams Lake fire

Investigators on scene to determine cause of fire that destroyed at least two businesses

B.C. VIEWS: School officials join fact-free ‘climate strike’

Students, public get distorted picture of greenhouse gases

Judge rules cops did not coerce statement from B.C. man accused of assaulting sex worker

Defence wanted Vernon’s Curtis Sagmoen’s video interview with police deemed inadmissible

GRAPHIC: Tortured cat found with string around its neck in Kelowna alleyway

City crews have been contacted and are on the way to pick up the dead feline.

Firefighters may be needed for paramedic apartment access, experts say

Better coordination recommended in urban B.C. 9-1-1 calls

Stolen iPhone leads Abbotsford Police to 260 marijuana plants

Search warrant at west Abbotsford home leads to seizure of plants

Three B.C. moms to launch CBD-infused water

Three friends say benefits may include anxiety relief, pain management

B.C. students empowered to ‘shift the vote’ this election

B.C. Federation of Students launches ‘Our Time is Now’ campaign

Most Read