Updates to property taxes
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Home owner grant
February 17, 2026
The provincial government announced its 2026 Budget on February 17, 2026. Programs administered by the Property Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.
January 2, 2026
The home owner grant threshold for 2026 is adjusted to $2.075 million. This new threshold ensures the same percentage of British Columbia homes are below the threshold compared to 2025.
See previous years in Archived tax updates.
Property tax deferment
April 1, 2026
Property tax deferment interest rates have been updated.
February 17, 2026
The provincial government announced its 2026 Budget on February 17, 2026. Programs administered by the Property Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.
See previous years in Archived tax updates.
Property transfer tax
April 17, 2026
Budget 2026 makes a minor change in the conditions of the property transfer tax purpose-built rental exemption. From January 2025 onward, the change allows some tenants to lease from the developer and move in before the entire building is completed.
March 18, 2026
The Transfer of a principal residence page has been updated to clarify eligibility requirements for the exemption for a transfer of a principal residence, or an interest in a principal residence, to a related individual.
February 24, 2026
Property transfer tax information for transfers of land beneficially owned by First Nations has been updated. Eligible payments of property transfer tax may qualify for refunds.
- For more information, see our Transfers of land beneficially owned by First Nations page
- To apply for a refund, use the new form FIN 270, Application for Refund of Property Transfer Tax - First Nations (PDF, 210KB)
February 17, 2026
The provincial government announced its 2026 Budget on February 17, 2026. Programs administered by the Property Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.
See previous years in Archived tax updates.
General property tax information
February 17, 2026
The provincial government announced its 2026 Budget on February 17, 2026. Programs administered by the Property Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.