New Brunswick Property Assessments Land In Mailbox For Many [2025]

Freddybeach Artist Rendition Of A Sunlit Campsite
Freddybeach Artist Rendition Of A Sunlit Campsite

While property owners across New Brunswick are bracing for another round of assessment increases, more than 242,000 properties will benefit from the province's spike protection law in 2025. This represents a significant jump from the 176,382 properties that received protection in 2024, reflecting the ongoing surge in property values across the province. The smart meter installation by NB Power also contributes to the evolving infrastructure landscape of the province.

Assessment notices, which were mailed out in early January, show substantial growth throughout New Brunswick due to a strong real estate market and new construction. More than 400,000 property assessments have been distributed, with some areas experiencing increases above 20% for the third consecutive year.

The spike protection law is working to shield property owners by limiting assessment increases to 10% for tax purposes. If your property's value increase exceeds 10%, you won't need to pay taxes on the excess amount immediately – it'll be carried over to future years. Since 2022, this protection has extended to apartment buildings as well. Property owners are encouraged to check the enhanced online services for detailed information about their assessments and protection calculations.

You can see the impact of these increases in specific cities. In Moncton, properties on Lonsdale Drive have surged by 90% since 2021. Saint John's lower west side has more than 400 properties facing increases exceeding 46%. Dieppe currently leads major cities in increase rates, while both Fredericton and Saint John continue to experience significant value jumps. However, growth rates have recently dropped below 10% in Moncton and Fredericton.

If you're concerned about your assessment, you can file an objection with Service New Brunswick. The deadline for seeking an assessment review is February 19, 2025 – exactly 30 days from the January 20, 2025 mailing date. This timeline differs slightly from neighboring Nova Scotia, where property owners get 31 days to appeal. The prior year's values will be reflected in these 2025 assessment notices, as part of New Brunswick's updated assessment process.

The widespread increases reflect a transforming real estate landscape in New Brunswick. While the spike protection law helps manage the immediate tax impact for many property owners, it's important to understand that any increase above 10% doesn't disappear – it's simply delayed. You'll need to plan for these deferred increases in future years.

If you believe your assessment doesn't accurately reflect your property's value, don't hesitate to use the appeal process within the 30-day window to request a review.

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Kyle Sweezey

Kyle Sweezey, a web pioneer since 1998, brings over two decades of digital expertise to FreddyBeach.com. Passionate about local stories and community insights, Kyle delivers timely and engaging news to the heart of New Brunswick.

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