Government of New Brunswick

Property Assessment Services - Property Tax Allowance

Service New Brunswick

Overview

The Property Tax Allowance can give low income home owners an additional tax break.

Eligibility

The Property Tax Allowance gives a tax break to low income property owners. To qualify for the Property Tax Allowance, you must own your property, it must be your principal residence, and you must be receiving the Residential Property Tax Credit.

If you and your spouse have a combined taxable income of:

less than $22,000, you are eligible for up to a $300 rebate.
Between $22,001 and $25,000, you are eligible for up to a $200 rebate.
Between $25,001 and $30,000, you are eligible for up to a $100 rebate.

Description

1. Property Tax Allowance -a payment to the assessed owner on application in the amount of the tax levy for the year of application to a maximum of $300 on the portion of the assessed value that is receiving the residential property tax credit if

a) the property is receiving the residential tax credit on January 1 of the year of application, and
b) the combined total taxable income of the applicant and their spouse or the person with whom they cohabit as husband/wife did not exceed $30,000 in the year prior to the year of application.

The amount of the allowance is the amount of the tax levy for the year of application to a maximum of $300 on the credit portion of the assessed value. Applications are available at all Service New Brunswick Offices throughout the Province by March 1 each year. Applications filed before December 31 may be approved for the current year and up to 3 prior years. The amount of the allowance may be deducted at the time of payment. If the allowance for the current year creates a credit of $300 or less in the tax account, a cheque will be forwarded automatically by the Department of Finance. However, if a credit balance occurs as a result of approval of the allowance for more than the current year (more than $300), the property owner must forward a request for refund to the Department of Finance. Otherwise the credit will remain in the tax account to be applied against the next year's tax levy.

Contact Information Email Location
Property Assessment Services and Registries (Branch)
Fredericton