NB Property Assessment determines an assessed value for each real property in New Brunswick on an annual basis. Each October, assessment notices are released to most property owners for the upcoming year to reflect the value as of January 1. This information is also shared with various government departments and municipalities allowing them to establish operating budgets.
The regular, unbiased, and reliable updating of property classification and assessment information for all properties in New Brunswick provides a wealth of data with which to better understand economic, environmental, and socio-demographic activities and ongoing change throughout our province.