Updates to property taxes
Not subscribed for tax updates yet? Sign up here.
On this page
Home owner grant
June 28, 2023
The home owner grant web pages have been refreshed to improve usability.
Note: There have been no changes to legislation or to home owner grant eligibility and processes.
February 28, 2023
The provincial government announced its 2023 Budget on February 28, 2023. Programs administered by the Property Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.
January 3, 2023
The home owner grant threshold for 2023 is increased to $2.125 million. This new threshold ensures the same percentage of British Columbia homes are below the threshold compared to 2022.
Property tax deferment
October 1, 2023
Property tax deferment interest rates have been updated.
May 2, 2023
Property tax deferment applications are now open. For more information, see Apply for or renew a property tax deferment program application.
April 28, 2023
The property tax tax deferment program web pages have been updated to provide more content to assist home owners in program criteria, interest rates and what to expect when applying. See Apply for or renew a property tax deferment program application for more information.
Property transfer tax
November 27, 2023
The Property transfer tax exemptions page has been updated to provide information on the purpose-built rental exemption that is effective January 1, 2024.
July 17, 2023
The Maa-nulth First Nations Final Agreement, Nisga’a Final Agreement and Tla’amin Final Agreement are amended to reinstate or continue the exemptions from property transfer tax. See Property transfer tax exemptions for First Nations for information about who is eligible for these exemptions and the effective date for each Treaty Nation.
May 19, 2023
Refunds for the additional property transfer tax has been updated to clarify how the effective start date for permanent residency status of transferees is determined. In addition, information about acceptable documents for determining permanent residency status has been updated.
May 5, 2023
Bulletin PTT 003, Property Transfer Tax Exemptions (PDF, 240KB), has been revised to reflect that a property transfer tax return is no longer required to be filed at the land title office when forfeited land is transferred back to the original owner under the Taxation (Rural Area) Act.
March 28, 2023
Effective March 27, 2023, the Tsawwassen First Nation Final Agreement is amended to reinstate tax exemptions for eligible Tsawwassen Members and other First Nations individuals for property transfer taxes on Tsawwassen Lands that are former reserve lands. See Property transfer tax exemptions for First Nations for more information.
February 28, 2023
The provincial government announced its 2023 Budget on February 28, 2023. Programs administered by the Property Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.
