How does the phasing out of the Home Owner Grant work in 2020?

As properties increase in value, the amount of Home Owner Grant available changes.

How Is the Grant Amount Reduced on My Property?

Phasing out of the grant begins at $1,525,000. Homes valued above the threshold may still be eligible for a partial grant. For properties assessed above the threshold, the grant is reduced by $5 for every $1,000 of assessed value in excess of the threshold.

Property Assessed for "Land" Only

If there are no residential improvements on the property, there is no Home Owner Grant available.

Show All Answers

1. Did you forget to claim your grant last year?
2. Why do I have to claim my grant each year?
3. With recent purchase or sale of property, what happens to the Home Owner Grant?
4. Can the Home Owner Grant be claimed if the registered owner is deceased?
5. How does the phasing out of the Home Owner Grant work in 2020?