View Single Post
Old 05-28-2021, 02:20 PM   #18640
quasi
Willing to sell body for a few minutes on RS
 
quasi's Avatar
 
Join Date: Jul 2001
Location: Cloverdale
Posts: 11,655
Thanked 3,939 Times in 1,396 Posts
Failed 83 Times in 42 Posts
Quote:
Originally Posted by EvoFire View Post
Our new place doesn't qualify for grants, and our property tax total is just over 7k a year.
It's most likely because your property is probably worth more than 1.739m.

Quote:

The grant threshold for 2021 is $1,625,000. You may be able to claim the full regular grant amount if your property has an assessed or partitioned value of $1,625,000 or less.

If you meet all requirements but your property’s assessed or partitioned value is over $1,625,000, you may qualify for a grant at a reduced amount.

The grant is reduced by $5 for each $1,000 of assessed value over $1,625,000. This means properties assessed up to $1,739,000 ($1,779,000 in a northern and rural area) can receive a partial regular grant. Properties assessed higher than $1,739,000 ($1,779,000 in a northern and rural area), are not eligible for a home owner grant.
__________________



“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa
quasi is offline   Reply With Quote