FREDERICTON, N.B. – New Brunswickers can now go online to find assessment information about their own property and other properties in their neighbourhood and throughout the province.
Service New Brunswick has uploaded the 2018 assessment data into its Property Assessment Online website, as well as to the GeoNB data catalogue. Property Assessment Online highlights property sales in a neighbourhood, as well as assessment values dating back four years.
“The site is useful for property owners to compare their assessed value with others in the neighbourhood,” said Service New Brunswick Minister Serge Rousselle. “If they have any questions or concerns, I encourage them to call their regional assessment office for additional information.”
Contact numbers for regional assessment offices are on property tax bills that were mailed last week. Information about property assessment, including a short video, telephone contact numbers and a list of frequently asked questions, can also be found at http://www.snb.ca/.
A government-implemented assessment freeze means that 84 per cent of property owners will not see any change in their 2018 assessment and 12.5 per cent will see a decrease. The assessment and tax notices have been changed to show both the 2017 and 2018 assessment values. Exceptions to the freeze include:
– a decrease in property value based on market forces;
– new construction and renovations;
– errors or omissions of property data resulting in a correction to the 2018 valuation;
– real estate/property sale or transactions;
– a change in current use/classification of the property (i.e. the subdivision of property or a change in occupancy) resulting in a change in property valuation.
While the property assessment will remain at the 2017 level, about 50 per cent of local governments have increased their tax rate, which impacts the total amount of property taxes payable.