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Apr 14, 2022 · Fredericton has the lowest tax rate among New Brunswick's three largest cities, but homeowners pay the highest property tax bills because Fredericton has the highest property assessments.
Provincial property tax rates for the various categories of property are legislated under the Real Property Tax Act. Effective January 1, 2023, the provincial rate on residential housing is set at $0.5617 per $100 of valuation, while the rate for other residential property is set at $1.0345.
Sep 18, 2024 · Currently, New Brunswick municipalities are not allowed to set property tax rates on houses any lower than 58.8 per cent of what business properties are taxed in their community.
Non-residential properties (businesses) are currently taxed at a provincial property tax rate of $2.1860 per $100 of assessment. Municipal and rural community non-residential property tax rates are fixed at 1.5 times the corresponding residential rate.
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Mar 4, 2022 · The Province has announced a second phase to its taxation plan that will consider provincial property tax rates, the cost of roads, taxation of condos and apartments, the implementation of gas tax funding, and the creation of a municipal assessment committee.
In 2021, municipal residential property tax rates range from $1.0442 ($1.5663 for non-residential) to $1.7902 ($2.6853 for non-residential) per $100 of assessment. In 2021, local LSD residential property tax rates range from $0.3702 ($0.5553 for non-residential) to $1.4488 ($2.1732 for non-residential) per $100 of assessment.
Mar 6, 2023 · New Brunswick mailed out 460,242 property tax bills to landowners last week, seeking a record $1.48 billion in payments this year to help fund itself and 89 local governments.
