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Property assessment freeze for one year proposed by Holt government

Similar freeze in 2018 triggered property tax hikes in 41 N.B. municipalities

CBC NewsRobert Jones

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 r…

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Read the full story on the CBC website

Property assessment freeze for one year proposed by Holt government

SOURCE www.cbc.ca

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https://saintjohn.lokol.me/s/property-assessment-freeze-for-one-year-proposed-by-holt-government-52754-10285648
CBC NewsRobert Jones, Posted: May 06, 2025 4:28 PM EDT | Last Updated: 14 minutes ago
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