What is a HOG Vancouver and why should you care?

HINT, it ain’t no PIG.

HOG is the Home Owner’s Grant Program.

It’s designed to help homeowners reduce their property taxes.

You should care because Property Taxes are due early July and if you don’t claim it, you don’t get it.

Quite often I’ll receive calls from confused home owners who didn’t claim the HOG.

Regardless of whether your bank pays the taxes on your behalf or not, it’s your responsibility to:

  • complete, sign and return the home owner grant application on the back of your tax notice to City Hall by the Due Date shown on the tax notice. Do not send your grant application to your mortgage company.
  • ensure your mortgage company is paying the correct amount of property taxes, minus any home owner grant amount.

Double check as some municipalities will allow you to do this online.

If you haven’t claimed your Home Owner Grant for a few years and you want to claim it all now. You’re out of luck. You can claim the grant amount only for the previous year.

In most areas of the Province the Home Owner’s Grant is $570.00.

The additional grant for home owners aged 65+ and eligible veterans and disabled home owners is $275, for up to a total of $845

To be eligible for the grant, the property owner must be:

  • a Canadian citizen or landed immigrant and reside in British Columbia
  • the registered owner or eligible occupant of the home located within the province living in the home as your principal residence

Call me if you have any question 604-273-2002 or at www.notapennydown.com

As usual, make it a great day and we’ll talk to you soon.

Mark Fidgett, Your Vancouver Mortgage Broker For Life

www.notapennydown.com

604-273-2002

P.S. Who’s the next person you know who needs Help with their Stuff?
Be sure to give me a call so we can help them get on that path!