Increased Property Tax relief. Decreased tax rates?
Property assessments were mailed out recently and if your home landed below the $1.6 million mark, you can still qualify to receive a basic Home Owner Grant of $570 per year thanks to a $400,000 increase to the qualifying limit courtesy of the B.C. government. There may be other breaks in store too. The bump up from last year’s $1.2 million cap was announced today by Finance Minister Mike de Jong in response to the significant increase in assessment values. If you’re in a sin