The homeowner grant will continue to cover 92% of homes with the threshold set at $2.15 million for 2024, the Ministry of Finance reported.

To be eligible, homeowners need to use the property as a principal residence.

The easiest time to apply is in May after owners have received their BC Assessment notice and municipal property tax notice.

People can apply through the B.C. government website, at a ServiceBC centre or through an automated self-service line at 1-888-355-2700. Those who want to apply early can do so starting this month.

People are encouraged to check online for their application status, particularly as the deadline to pay property taxes nears, to ensure that they are not billed for any late-payment fees or penalties.

B.C. homeowners may also be eligible for B.C.’s Property Tax Deferment program. It is a low-interest program for homeowners who meet criteria, including:

* supporting a dependent child (Families with Children Program);

* 55 or older during the current year;

* a surviving spouse of any age; and

* a person with disabilities.

Homeowners can apply for the homeowner grant and Property Tax Deferment securely online.

BC Assessment values are based on the market value of similar property sales from July 1, 2023.

Homes valued above the threshold may qualify for a partial homeowner grant.

e-KNOW file photo

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