New Brunswick’s property assessment base increased by more than $2.5 billion over the past year.
The province reports that the overall local government and rural district base for taxation rose 2.7 per cent compared to 2024.
Officials said the increase came from new construction and property sales, which were not affected by the one‑year freeze on eligible property values.
The freeze holds eligible property values at 2025 levels for the 2026 taxation year, according to a government release.
The government said it was introduced to provide relief and predictability for property owners while work continues on changes to the property tax system.
A new funding model was also introduced this year to support local governments.
Fiscal capacity funding, which replaces the former community funding grant, will provide $77 million in unconditional funding in 2026, an increase of $20 million from 2025.
A new capital renewal fund will provide $43 million to help municipalities maintain and renew infrastructure.
The province said property owners will receive their 2026 assessment notices in January.
Details on assessment bases, fiscal capacity funding and capital renewal funding for all communities are available online.
