The grant threshold is $1,650,000. You may be able to claim the full grant amount if your property has an assessed or partitioned value of $1,650,000 or less.
If you meet all requirements but your property’s assessed or partitioned value is over $1,650,000, you may qualify for the grant at a reduced amount.
The grant is reduced by $5 for each $1,000 of assessed value over $1,650,000. This means the grant isn’t available for properties assessed over $1,764,000 ($1,804,000 in a northern and rural area).Additional Information