N.B. adds more options for property owners to pay taxes
Property tax bills are starting to arrive in mailboxes around the province.
This year, the Holt government has made it easier to choose a different option to pay their bills.
The Property Tax Equalized Payment Plan has been expanded, giving more property owners the option of paying their taxes in monthly instalments instead of one lump sum.
“Expanding this program will help New Brunswickers by offering them access to a convenient and simplified payment process,” Finance Minister René Legacy said in a statement.
According to a press release from the Department of Finance, more property categories are now eligible for the program, including apartment buildings, cottages and businesses.
A one-year freeze on the value used to calculate property taxes is in effect for 2026 to protect eligible property owners from increased taxes due to an increased assessment value.
The province’s overall assessment base for taxation is $99.8 billion, an increase of $2.7 billion since last year.
