The Home Owner Grant is a provincial program that helps reduce the amount of residential property tax you pay.
Home Owner Grant
To be eligible for the benefit, you must meet the requirements of the basic and/or additional grant, and your home must be located in British Columbia but outside the Capital Regional District (CRD), the Greater Vancouver Regional District (GVRD) and the Fraser Valley Regional District (FVRD).
If you qualify for the grant, but do not complete the application correctly and completely, your grant cannot be processed and the City will not receive the grant money from the provincial government.
Your property tax account will show an unpaid amount, and you will be charged a 10% penalty on the outstanding property tax balance. As well, if there is still a balance owing on January 1 of the following year, then daily interest will also be charged.
IMPORTANT Your financial institution or lawyer is unable to accept and submit your Home Owner Grant.
Sending your grant on the due date is not enough - the Finance Department must receive your grant by the due date.
Did you know that you must re-affirm that you are entitled to claim a home owner grant for the current year, even if you successfully claimed the grant last year?
Your properly completed grant claim must be received by the City of Vernon before the due date each year in order for you to pay a reduced amount of property tax without incurring a penalty.
The Province of BC requires all eligible claimants to re-attest their eligibility each year. This means that the owner must re-affirm that they are entitled to claim a grant for the current year, even if they successfully claimed a home owner grant in the prior year.
Whether claiming online or on paper, it is critical that your submission reach the City by the July due date.
If you choose to rely on the postal system, or any other means for delivery, your grant must still reach the City by the due date to avoid penalty.
Even if you are submitting your grant late, it is best to submit it before the end of the year to avoid any interest charges.