Each year, Service New Brunswick (SNB) issues a property assessment notice to property owners in New Brunswick.
The property assessment notice contains important information about your property value and should be reviewed carefully.
Get a quick view of the notice here.
Below we describe different parts of a property assessment notice for a residential property.
The notice provides the classification and the assessed value of your property for the taxation year, as indicated in the upper right of your notice.
Property owners will receive an annual notice each year. If updates are made to the property, you may receive a subsequent amended notice.
The notice provides basic information about your property:
A Property Account Number (PAN) is assigned to your property to identify it for assessment and taxation purposes.
A Parcel Identification Number (PID) is assigned to your property to locate it on maps. If your property consists of more than one PID, we indicate this on your notice by “*multiple”. Some properties may not have an assigned PID (e.g., mobile homes), so the PID will be blank on these notices.
If your property has a lease attached to it, we will indicate in the property profile area the name of the other person(s) or organization on the lease.
The Property Location and Description section of your notice lists the physical address of your property, a description of your property and the local government or rural district.
Your notice will indicate the Property Assessment value of your property. This should reflect the price that your property would likely sell for on the open real estate market.
The property assessment information section provides details on this assessment value.
The Value for Taxation is the value used for calculating your property tax levy. This amount reflects any reduction made to the Property Assessment value to provide tax relief, including:
Depending on your property classification, this section will provide additional information on your assessed value.
It may also indicate if your property is eligible for certain tax relief programs.
The bottom section of your notice encourages you to learn more about market value and sale prices in your area by accessing our Property Assessment Online tool. If you do not agree with your Property Assessment value, you can submit a Request for Review within 30 days of the mailing date on your property assessment notice. The deadline is indicated in this section.
The Access Key is a privacy and security feature to protect your information and ensure only you can make changes on your account.
You will need it for online services, such as a change of address or a Request for Review, as well as for identification when contacting us by phone.
The property assessment notice is mailed to the last known mailing address of the property owner. If you did not receive it or have misplaced it, request a copy of your notice here.
The provincial government has committed to overhauling the property tax system.
