Owning a home
In British Columbia, about 70% of households own their own homes. For many British Columbians, owning a home is an important investment towards financial security, wealth generation and retirement savings.
Learn more on this page about home ownership:
Annual property taxes
Speculation and Vacancy Tax
The Home Owner Grant
Property tax deferment programs
Register your mobile or manufactured Home
Homeowners in B.C. pay annual property taxes. Learn more about the annual property tax.
All residential property owners in designated taxable regions of British Columbia will have to complete a declaration for the proposed speculation and vacancy tax. Find out if the speculation and vacancy tax applies to you.
The province’s Home Owner Grant can reduce the amount of property tax home owners pay each year. Learn more about the Home Owner Grant.
Some home owners can be eligible for property tax deferment programs. This includes home owners who are 55 years and older, a surviving spouse, a person with a disability and a parent, stepparent or someone who is financially supporting a child. Learn more about property tax deferment programs.
The annual property assessment significantly influences the amount of property taxes you pay. You will receive your property assessment notice from BC Assessment each year in January.
Your property is assessed to determine its: value, classification, exemptions (if any). In most cases, the value is an estimate of your property's value as of July 1 of the previous year. To determine the value of your property, an assessor compares your property to actual sales in the same area.
If you notice an issue or have a question about your property assessment, contact BC Assessment to discuss your concerns. You may also file a Notice of Complaint to appeal your assessment. If you appeal, once a decision is made your property taxes may decrease, increase or stay the same.
The content on this webpage is periodically reviewed and updated by the Province of British Columbia as per the date noted: January 10, 2019.
PARP COVID-19 Response - Plan for 2021 Property Assessment Review Panel hearings
British Columbia is the only jurisdiction in Canada that protects a person's investment in a manufactured home by having a central register of ownership details and controlling the movement of homes within B.C.