The Team Andruff Blog: Real Estate in Vancouver
Welcome! Thanks for reading...
With the "Team Andruff Blog," we aim to keep you informed on the current state of the market in Vancouver, as well as the latest transactions and news from the team. You can subscribe using our RSS feed, or enter your email in the subscription box on the lower right of this page to get updates by email.
Blog by Michael Andruff
BC Homeowner Grant
BC Home Owner's Grant Increased!!!
The Finance Minister for the BC Provincial Government, Carole Taylor, announced on January 12th, 2007, a $170,000 increase in the province's homeowner grant threshold. The new homeowner grant is increased from last year's $780,000 to $950,000 this year. In 2007, the property tax grant is now $570 up from $470. For home owners to qualify for the full home owner grant on their property in BC the assessed value for their property must be under $950,000 to qualify for the full grant of $570 (to be deducted off their 2007 property tax bill).
4th Consecutive Increase for Home Owners Grant!!!
James Weldon, of The North Shore News, reported recently the threshold has increased 4 times since 2003, rising over 70% from $369,000 to the new level of $950,000." Also he reported there is an additional $275 home owner grant permitted for some war veterans, owners over 65 and those with permanent disabilities."
Source: The Vancouver Sun Newspaper, January 15, 2007.
This entry was posted on January 15th, 2007
| Posted in Claire Andruff