Yes. The provincial government offers Home Owner Grants to qualifying homeowners in electoral areas and municipalities throughout all of British Columbia. To qualify, a homeowner must:
- be the registered owner of the residence
- be a Canadian citizen or permanent resident of Canada
- live in British Columbia
- occupy the home as his or her principal residence
In Sorrento and Blind Bay, a regular Home Owner Grant of $770 is provided to each homeowner whose residence is assessed at $1,625,000 or less. Seniors over the age of 65 receive an additional $275 (for a total Home Owner Grant of $1,045) on residences assessed at $1,625,000 or less. All Home Owner Grants are presented on homeowners' property tax bills and serve to reduce the total property taxes owing.
It is important to understand that Home Owner Grants paid to homeowners in electoral areas are exactly the same as Grants paid to homeowners in municipalities. It should also be noted that the sample residential property tax notices available online do not show the Home Owner Grants. The total taxes owned on the tax notices for both the Incorporation and Area C1 options, therefore, would be reduced by $770 (or $1,045 in the case of seniors 65 years and older) in all cases.