Awasome First Time Home Buyer Payback Lookup 2022. You get access to this tax credit when you purchase your first home and. If the home value increases to $300,000 the payback would be 5% of the current value or $15,000.

The refund covers the full tax amount if. Complete, print and sign the first time home buyers' application for refund (fin 265) (pdf) scan the completed form and any required supporting documentation and either: Now, homeowners will pay back up.