PROPERTY TAX REMINDER

tax

It’s everyone’s least favourite time of year – property taxes are due! For property owners, you should have already been mailed your property tax notices. In BC, there is a $570 grant available for property taxes if the property you are paying taxes on is your principal residence.

 There are two categories for grants: 

  1. Basic (principal residence) grant of $570
  2. Additional/Seniors grant to a maximum of $845

To claim your grant, you must have your FOLIO NUMBER and ACCESS CODE. These are provided on your property tax statement.

Claim your Home Owners Grant Online: 
Vancouver  |  Burnaby  |  Richmond  |  Surrey  |  North Vancouver  |  West Vancouver
New Westminster  |  Coquitlam  |  Delta  |  Langley  |  Maple Ridge  |  Pitt Meadows
Port Moody  |  White Rock  |  Kelowna

Once you claim your grant, you can then pay the reduced property tax amount online or at any bank.

Chris Lambert | 604.340.6457 | chris@chrislambert.ca

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Property Taxes, Assessments, and Grants

It’s property tax season – don’t forget that your Vancouver property taxes are due to be paid by FEBRUARY 02, 2017. In Vancouver, we pay our property taxes in two installments – once in February, and again in July. There’s been a lot of talk recently about increased assessments and the property tax grant threshold so I thought I would write a quick blog to break it down for you.

I’m going to focus on a few topics to hopefully provide some clarity to you on how property taxes are calculated in Vancouver, property assessments, payment options, and the grant that may or may not be available to you.

How are my property taxes calculated?

In Vancouver property taxes are calculated using the mill rate – follow this link for a detailed breakdown of the rates in Vancouver. Basically, the amount you pay is tied to the assessed value of your home. You pay a specific rate for every $1,000 in assessed value of your property.

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