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Feb 25, 2016 · 5 (2.01) In addition to the tax imposed under subsections (1) and (2) and subject to subsections (2.02) and (2.1) there shall be a tax on all real property within a municipality, a rural district and a rural community under the Local Governance Act at the rate of two cents on each one hundred dollars valuation of real property being residential property or non-residential property.
In accordance with Section 20 of the Real Property Tax Act, where a property is damaged or destroyed to the extent of five thousand dollars ($5,000.00) or more and the insurer has received a formal proof of loss under a policy of insurance covering the property, the insurer must within forty-eight hours of receipt notify Finance and Treasury ...
2.1 (7) A person who, on or after January 1, 1983, becomes the owner of real property on which he or she establishes or subsequently establishes, in the year 2008 or any succeeding year, his or her principal residence or a principal residence for his or her spouse or children, is, if the person is a resident of New Brunswick at the time of the establishing of the principal residence for ...
Jun 16, 2023 · 64 (1) Where probate of a will is granted in solemn form by The Probate Court of New Brunswick, the probate shall enure for the benefit of all persons interested in the real estate affected by the will, and the probate copy of the will, or the letters of administration with the will annexed, or a copy thereof respectively, stamped with the seal of The Probate Court of New Brunswick shall, in ...
Since that time, the Province has shared the property tax field with municipalities. Through the Assessment Act and the Real Property Tax Act the Province introduced a centralized assessment and collection system for real property taxation (provincial, municipal, Local Service Districts and Rural Communities).
These pages focus on NB Property Taxes. For more information about NB Property Assessment, please visit: NB Property Assessment: SNB Assessment Services, 1-888-762-8600. For more information about Municipal tax rates contact your Municipality. For tax rates in a Local Service District contact the Department of Environment and Local Government
The provincial government of New Brunswick sets the provincial property tax rates for different categories of property under the Real Property Tax Act. Effective January 1, 2023, the provincial rate on residential housing is $0.5617 per $100 of valuation, while the rate for other residential property is $1.0345.
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