The New Brunswick government has introduced legislation to freeze property assessments for homeowners, landlords and businesses for one year while it works on a promised plan to reform the province’s property tax system.
Similar freeze in 2018 triggered property tax hikes in 41 N.B. municipalities
Robert Jones · CBC News
· Posted: May 06, 2025 4:28 PM EDT | Last Updated: May 6
New Brunswick Finance Minister René Legacy announced plans for a one-year assessment freeze on most properties. (Michael Heenan/CBC)
The New Brunswick government has introduced legislation to freeze property assessments for homeowners, landlords and businesses for one year while it works on a promised plan to reform the province’s property tax system.
Finance Minister René Legacy submitted what he called an Act Respecting Property Tax Affordability Measures for first reading Tuesday afternoon.
The freeze is meant to buy the government time to make changes in the way nearly $1.8 billion in New Brunswick annual property tax revenue is calculated and apportioned among more than 400,000 properties and their owners.
About two-thirds of property taxes in New Brunswick, more than $1.2 billion this year, fund municipal governments, with the rest flowing to the province.
“Our government has committed to overhauling the property tax system to ensure stability, fairness and affordability, and while that process is underway, we are committed to property tax relief measures,” Legacy said in announcing the plan.
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