FREDERICTON (GNB) – Property assessment notices for the 2025 taxation year have been mailed to property owners. Property tax bills showing the amount owed for provincial and local taxes will be mailed March 3.
“We are continuing to experience property assessment growth across New Brunswick,” said Local Government Minister Aaron Kennedy, who is also minister responsible for Service New Brunswick. “A strong real estate market and new construction are directly impacting that growth.”
New Brunswick’s overall assessment base – the total value of property assessments in the province – is $97.2 billion, an increase of 8.7 per cent or $7.8 billion since last year.
Service New Brunswick is responsible for the classification and assessment of all real property in the province. Property assessors use industry best practices in determining real and true market values of properties. The annual assessment base allows provincial and local governments to set tax rates.
A spike protection mechanism has been expanded to all properties with an assessment increase greater than 10 per cent. It excludes properties with new construction or major improvements, those that have been recently sold, and property values set by legislation.
A property owner who disagrees with an assessment may file a request for review, free of charge, online or by calling 1-888-762-8600. The deadline to file this request for the 2025 taxation year is Feb. 19.
More information about property assessments is available online.
20-01-25