Frequently Asked Questions
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, property assessment notices will no longer be mailed in October. Property owners will receive their assessment notices in January starting with the 2024 taxation year. Tax bills will continue to be mailed on March 1.
Sending assessment notices in January, instead of October closes the gap from the time property owners receive their assessment notice and tax bill and allows a full year assessment as of January 1 of the previous year.
New Brunswick is the only jurisdiction that assesses values for the upcoming year. This change will align New Brunswick with other jurisdictions.
Beginning in 2023, assessment notices will no longer be mailed in October.
Property owners will begin receiving their notices in January beginning in January 2024.
Property owners will see the valuation date change for their 2025 assessment notice.
Assessing past market activity will provide a more accurate property value.
Property owners will continue to have 30 days from the mailing of their notice to submit a request for review.
We encourage property owners to contact us if they have any questions.
Assessments are based on market value – the price that a property would likely sell for on the open real estate market as of January 1 of the previous year.
Market values are used because they are transparent, easy to understand and a fair and realistic measure of a property's value.
Market value assessments are the most common method of property assessment used in North America today.
There are many programs and financial support available to property owners. Apply for property tax relief.
Property owners who disagree with their assessment have 30 days from the date their notice was mailed to submit a Request for Review (RfR) File a Request for Review.
Property owners with question can call 1-888-762-8600 and ask to speak to a property assessor.