Frequently Asked Questions

Beginning in 2025, instead of receiving assessment notices with values based on January 1 of the current taxation year, property owners will receive assessment notices with values based on January 1 of the preceding year. This is known as the valuation date.

The property assessment notice mailed to property owners also shows the assessed value of the property based on the characteristics and physical state (new construction, renovations, additions, or demolitions) of the property on January 1 of the current tax year. This is known as the state and condition date and has not changed from prior years.

To support this change, property assessment notices are no longer mailed in October. Property owners now receive assessment notices in January. Tax bills continue to be mailed in March.

New Brunswick was the only jurisdiction that assessed values for the upcoming year. This change aligns New Brunswick with other jurisdictions.

The change will also allow assessors to capture a full year of historical market activity (as of January 1 of the previous year), resulting in a more efficient process and accurate property value.

Assessment notices are no longer mailed in October. Property owners now receive assessment notices in January.

Property owners will see the valuation date change for their 2025 assessment notice.

For the 2025 taxation year, the valuation date will be January 1, 2024. Market data is analyzed for the full year, January 1, 2023, to December 31, 2023, to determine property values. Any changes to the state and condition of the property will be captured up to January 1, 2025.

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.

Property owners are encouraged to contact Service New Brunswick 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. The state and condition of the property continues to be captured until the notice is issued.

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 questions can call 1-888-762-8600 and ask to speak to a property assessor.