We shouldn’t have to apply for homeowner grant every year
KAMLOOPS — Close on the heels of property assessment mail-outs, the Province has announced a bump in the 2018 homeowner grant threshold.
Assessments are up, and while many people think that automatically means higher taxes, it’s not the case unless your home is assessed above the average in your community. The assessments are used by municipalities and regional districts to set the amount of tax needed to meet their budgets.
The overall hike in assessed values prompted the B.C. government yesterday to announce the change in the grant threshold.
Instead of $1.6 million, owners of homes worth $1.65 million or less will now be eligible to apply for homeowner grants of $570 or more, depending on age and location. Seniors, northerners, rural residents and those with disabilities get more of a break.