Government of New Brunswick

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.

  1. Defined as buildings intended for private occupancy whether on a permanent basis or not  (e.g single-family, mobile homes, cottages, semi-detached homes, nursing homes and apartment buildings)
  2. Means all real property except residential property (e.g. malls, hotels, restaurants, warehouses, manufacturing plants)


What is the change in the Real Property assessed value for New Brunswick properties for the assessment year 2021?

The 2021 assessed values of New Brunswick properties reflect normal change.  Most properties (57%) have no change in assessed value when compared to 2020, and 36% of properties have less than a 5% increase.

When New Brunswickers property owners receive their Annual Property Assessment Notice in October, they are asked to carefully review their assessed values.  If a property owner does not agree with the assessment, the owner can file a Request for Review within 30 days of the mailing date on the notice.