The grant for seniors to offset a municipal tax increase is financial assistance to partially offset the increase in municipal taxes payable on a residence brought about by a significant increase in the value of the residence.
Property Assessment RollThe property assessment roll is a summary of the inventory of all buildings located in a municipality. It is mainly used to indicate the value of buildings for purposes of municipal and school property taxes.
ClienteleAny person who, on December 31 of the taxation year in question, was 65 or over. ConditionsConditions relating to the personTo be eligible for the grant, the person must, on December 31 of the tax year in question, • be a resident of Québec; • have owned the residence for at least 15 consecutive years; and • have a family income of $50,000 or less. In addition, the person must be responsible for payment of the municipal tax bill relating to the residence for the year following the tax year in question. Conditions relating to the residenceTo be eligible, the residence must • be an entirely residential evaluation unit • consist of only one dwelling; • serve as the principal residence of the person; and • be subject to an increase in excess of 7.5% of the average increase in property value for the municipality where it is located.
The grant will be offered as of 2016. It may therefore be requested on the income tax return for the 2015 taxation year.