Most New Brunswick property owners won’t see a change in their tax value this year.
The province has mailed out its 2026 assessment notices with a one‑year freeze in place.
The provincial government said the freeze will keep 2026 taxation values at 2025 levels for about 430,000 properties.
The measure applies to residential and non‑residential properties, including heavy industrial sites.
Local Government Minister Aaron Kennedy, who is also responsible for Service New Brunswick, said the freeze is meant to give people stability while the province works on a broader overhaul of the property tax system.
He said the goal is to create a system that is more predictable, transparent and fair.
The freeze does not apply in cases where a property has changed, such as new construction, major improvements, sales or transfers, error corrections, or changes in use or classification.
In those situations, the value for taxation will be updated for 2026.
The province’s real and true market value assessment base for 2026 is $112.8 billion, an increase of 8.6 per cent from last year.
The value for taxation base — the figure used to calculate property taxes — is $99.8 billion, up 2.7 per cent.
Government figures show residential properties account for $2.5 billion of that increase, while non‑residential properties account for $0.2 billion.
Service New Brunswick said assessors continued to calculate real and true market values for 2026 and carried out reinspections to update property data.
The government said the annual assessment base helps provincial and local governments collect revenue to deliver services.
Property owners who disagree with their real and true market value can request a free review online or by calling 1‑888‑762‑8600.
The deadline to file a request for the 2026 taxation year is February 18.
Property tax bills will be mailed on March 2.
