How much is the Home Owner Grant worth?
• The Home Owner Grant entitles the owner to a maximum reduction of $570.00 (or $845.00 if over 65 years old, permanently disabled, or in receipt of certain war veterans allowances). • The grant is reduced at a rate of $5.00 for each $1,000 of assessed value over $1,050,000. • The basic Home Owner Grant is eliminated on property assessed at $1,164,000. • The additional Home Owner Grant is eliminated on homes assessed at $1,219,000.
