Provincial Assessment Statistics

Service New Brunswick (SNB) Property Assessment Services determines the assessed value for all real property in New Brunswick on an annual basis.   Each January, property assessment notices are mailed to property owners, reflecting the value as of January 1 of the preceding year.   This information is also shared with various government departments and local governments allowing them to establish operating budgets. 

Information on property assessment trends and regional breakdowns for all properties in New Brunswick provides a wealth of data to better understand the economic, environmental, and socio-demographic activities and changes in all parts of 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)

The 2025 assessed values of New Brunswick properties continue to reflect a strong real estate market provincewide. While 12% of properties have no change in assessed value when compared to 2024, 28% of properties have up to a 5% increase, and 29% have an increase ranging from 5 to 10%. While 30% have an increase of greater than 10%, 50% of properties are protected by the Spike Protection Mechanism.

When New Brunswick property owners receive their Annual Property Assessment Notice in January, 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.