Here's how B.C. homeowners can save some money
Next month, B.C. homeowners will have the opportunity to apply for a grant that could save them hundreds of dollars.
The B.C. homeowner grant offers eligible property owners an opportunity to save some money on their property taxes for their principal residence (meaning they live there).
However, whether or not they are eligible for the full amount (or any at all) depends on the valuation of someone’s property.
This year, the property value threshold is $2.075 million.
Properties in the Metro Vancouver Regional District, Fraser Valley Regional District, and the Capital Regional District that are assessed at or below $2.075 million could receive the full grant amount of $570.
A property outside those areas could be eligible for as much as $770.
If a property’s assessed or partitioned values exceed that, owners are eligible for a reduced grant amount, with $5 deducted for every $1,000 of assessed value above the $2.075 million.
You might also qualify for a higher amount (called the additional grant) if you are a senior, veteran, person with a disability, live with a spouse or relative with a disability, or are the spouse or relative of a deceased owner who would have qualified.
For example, seniors who have properties in the Metro Vancouver Regional District, the Fraser Valley, and the Capital Regional District could receive up to $845. For properties in any other part of the province, the total grant amount is up to $1,045.
Homeowner grant threshold lowered this year
This $2.075-million threshold is lower than what it was in 2025, which was $2.175 million — meaning that some owners who were eligible for the grant last year might exceed the cutoff this year.
This is because 2026 housing assessments ranged from flat to a 10 per cent drop in the Lower Mainland, based on values as of July 1, 2025.
This was the first time that the Government of B.C. lowered the threshold for the B.C. homeowner grant since 2020. For years, the threshold had risen along with rising home values to help offset the rising cost of homeownership in many regions.
In B.C. Assessment’s 2026 valuation roll, Vancouver saw its median single-family detached home assessment fall by about five per cent — from about $2.205 million in July 2024 to around $2.092 million in July 2025.
When are taxes due?
In Vancouver and Burnaby, the deadline to pay your property taxes and claim the homeowner grant is July 3, 2026.
In Surrey, Coquitlam, Richmond, and Maple Ridge, the due date is July 2.
According to the Province of B.C., “the best time to apply” is in May, after people have received their property tax notices and before the property tax due date.
While any grant amount is likely to help homeowners, it likely won’t be enough to cover a full tax bill.
Last year, Vancouver’s combined municipal property tax and utility fees for a median single-family home were $6,468, with the City of Vancouver portion at $5,047.
People can apply online for the homeowner’s grant.
With files from Daily Hive staff