Updates to property taxes

On this page

• Home owner grant
• Property tax deferment
• Property transfer tax
• General property tax information

Home owner grant

May 2, 2024

Information about applying for the home owner grant on behalf of a deceased owner has moved to the Home owner grant for spouse or relative of a deceased owner web page.

February 22, 2024

The provincial government announced its 2024 Budget on February 22, 2024. Programs administered by the Property Taxation Branch are amended as a result.

Learn more at B.C. Provincial budget tax changes.

January 2, 2024

The home owner grant threshold for 2024 is increased to $2.15 million. This new threshold ensures the same percentage of British Columbia homes are below the threshold compared to 2023.

Property tax deferment

September 5, 2024

The Property tax deferment program web pages have been reorganized to improve navigation and user experience. 

The updated property tax deferment website includes a new Frequently asked questions web page.

June 21, 2024

FIN 58, Physician Certification Property Tax Deferment Program (PDF, 180KB), has been updated to clarify the property tax deferment process. For more information see our property tax deferment web page.

May 2, 2024

Property tax deferment information has been updated.

Property transfer tax

December 3, 2024

The PDF version of the First Time Home Buyers' Program Guide, FIN 269 has been removed from our web site. For information on the program, see the First time home buyers' program web page. Please update your bookmarks to the new location on our website.

September 11, 2024

The Property transfer tax exemptions for First Nations web page has been updated to better reflect current and relevant information respecting the tax treatment for First Nations and Modern Treaty Nations.

April 25, 2024

Newly built home exemption amounts and qualifying criteria have been updated to reflect the Budget 2024 changes. You can also see the exemption amounts before April 1, 2024.

April 8, 2024

The online application to transmit ownership to a surviving joint tenant is now available through the Land Title and Survey Authority of B.C. (LTSA).

April 2, 2024

A new version (Version 37) of the Property Transfer Tax (PTT) web-based return has been introduced. This version introduces the threshold change to the first time homebuyers' exemption and the newly built home exemption.

First time home buyers' exemption amounts and qualifying criteria have been updated. You can also see the exemption amounts before April 1, 2024.

January 22, 2024

The following bulletins are now web content:

• Bulletin PTT 007, Exemptions for the Transfer of a Recreational Residence (PDF)
• Bulletin PTT 008, Exemptions for Transferring a Family Farm (PDF)
• Bulletin PTT 009, Exemptions for Transfers to and from a Family Farm Corporation (PDF)

Please update your bookmarks to the new location of our website. These pages have also been updated to include the updated definition of “spouse”.

General property tax information

2024 updates will be posted here.