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Property taxes going up for 179,000 New Brunswickers

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Methinks at least we may rest assured that Mr Higgs will be Happy Happy Happy that he will have more money to balance his budget with N'esy Pas?


https://davidraymondamos3.blogspot.com/2019/03/property-taxes-going-up-for-179000-new.html


 

https://www.cbc.ca/news/canada/new-brunswick/property-tax-going-up-1.5039511




Property taxes going up for 179,000 New Brunswickers




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David Amos 
David Amos
Surprise Surprise Surprise







John Pokiok
John Pokiok
This is crazy officially my assessment is now higher than what I can sell my house for easy money grab.It just never ends here just got my bill today not happy.


David Amos
David Amos
@John Pokiok Methinks at least we may rest assured that Mr Higgs will be Happy Happy Happy that he will have more money to balance his budget with N'esy Pas?

Property taxes going up for 179,000 New Brunswickers

38 per cent of properties around the province will see increase


Resort towns like Saint Andrews, Cap Pelé and Shediac have seen increases. (Submitted by the Canadian Institute of Planners)


About 179,000 New Brunswick properties are getting tax increases starting today — but exactly where is a mystery. 
Popular resort towns like Saint Andrews have seen the largest increase in property values, and tax bills connected to them.

Property tax bills began landing in mailboxes around the province Friday.

Although most landowners will not pay any more than last year, there are hints of pockets of tax increases in some areas — including several popular summer communities — that won't be fully revealed until next week.
Service New Brunswick has revealed that nearly 179,000 properties around the province, 38 per cent, will see an assessment and tax increase this year. About 28,000 of those increases will see tax bills rise five per cent or more, but the exact location of those are not yet known

Executive director of assessment Stephen Ward said Thursday the largest increases probably belong to newly built or renovated structures, not existing properties.

A comprehensive street-by-street list of where property values and taxes have jumped the most will not be released by Service New Brunswick until next week.

"When you see an [assessment] increase greater than 10 per cent, that's typically due to new construction — a new building , a new residential home, a new office structure," Ward told reporters.

But typically, property tax increases also hit in clusters where communities are growing, have recently been visited by assessors or have land that is in high demand.

Heads up


Last fall New Brunswick municipalities were given some information on where property values in their communities were headed. Based on those estimates, full-time and seasonal residents of several popular provincial vacation spots will want to check property tax bills closely as they begin arriving as early as today.

Saint Andrews in particular was told property values in the town were up $18.7 million this year (6.2 percent), more than double the provincial average of 2.5 percent.

That may be the result of significant new construction in the town, but may also hint at higher assessment and tax bills coming for average residents.

Moncton leads cities in assessment growth


Other popular summer communities with higher than average increases in property values this year include Lac Baker (5.5 percent), Cocagne (4.6 percent), Cap Pelé (4.2 percent) and Shediac (4.2 percent).

Among New Brunswick's larger communities, Moncton continues to lead in the growth of property values. It added a projected $309.7 million in assessed value this year (3.8 percent) bringing the total worth of all taxable property in the city to $8.37 billion.

That's $1.1 billion more than Fredericton and $1.4 billion more than Saint John.

About the Author


Robert Jones
Reporter
Robert Jones has been a reporter and producer with CBC New Brunswick since 1990. His investigative reports on petroleum pricing in New Brunswick won several regional and national awards and led to the adoption of price regulation in 2006. 



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