FREDERICTON (GNB) – The provincial government has proposed amendments to the Assessment Act to modernize and streamline property assessment services.
“Since 2017, Service New Brunswick has been working with industry colleagues and professional institutes to modernize property assessment services and align New Brunswick with other jurisdictions,” said Service New Brunswick Minister Jill Green, who is also minister responsible for housing. “The changes we are proposing will further enhance the assessment function and align with international best practices by allowing us to capture up-to-date information and generate accurate assessment values for property owners.”
Proposed amendments would change the property assessment valuation date. Beginning in 2025, instead of receiving assessment notices based upon Jan. 1 of the upcoming taxation year, property owners will receive assessment notices based upon Jan. 1 of the preceding year. This change would be fully implemented for the 2025 taxation year, with 2024 being a transition year.
To support this change, all assessment notices will be mailed in January starting with the 2024 taxation year. This change does not require an amendment to the act.
“We are no longer mailing assessment notices in October," said Green. “Sending notices in January will close the gap from the time property owners receive their assessment notice and tax bill and allows a more accurate reflection of the current state of the property.”
Property owners will have 30 days from the day their assessment notice is sent to request a review of their property’s value. Tax bills will continue to be mailed in March.
Additional information on how properties are assessed is available online.
11-05-23