Rural Property Tax applies to land outside cities, towns, districts and village boundaries in British Columbia. Rural property makes up 99.6% of British Columbia’s land area.
You pay Rural Property Tax if you own land or occupy Crown Land outside a municipal boundary. Both the land and any improvements on it, including residences, manufactured homes, and commercial or industrial buildings are taxed.
Taxes are also billed and collected on behalf of local service areas, regional districts, improvement districts and other local government agencies with taxing authority.
The purpose of the home owner grant is to help reduce the amount of residential property tax British Columbians pay. The home owner grant applies to taxes paid by British Columbians to their municipality or to the Surveyor of Taxes for rural areas.
To be eligible for the home owner grant, you must be a Canadian citizen or landed immigrant and ordinarily reside in British Columbia. This means you
have all or most of your personal belongings in B.C.
have (or are eligible for) B.C. medical insurance
have (or are eligible for) a B.C. driver’s licence and are able to register vehicles in B.C.
file a B.C. income tax return
are entitled to vote in B.C.
You must be the owner or occupant of an eligible residence and live in it as your principal residence. You must qualify at the time you submit the signed application form.
It’s important to note that in BC you are still required to qualify when assuming an existing mortgage just as you would if applying for a new mortgage.
If you purchase a newly constructed home, you may be subject to GST on the purchase price. There may be some rebates available depending on the value of the home. For further information visit the Service Canada site
British Columbia boasts one of the most progressive land title systems in the world. It is very efficient and very secure. For further information visit BC Land Title & Surveyonline.