New Brunswick’s overall tax assessment base grew nearly 11 per cent for the second straight year, according to the province.
Figures released Friday show the overall assessment base increased more than $8.3 billion, or 10.6 per cent, compared to last year.
That was down slightly from the 10.73 per cent increase the province recorded the previous year.
The tax assessment base includes the assessed value of homes and other properties within a local government or rural district.
Shediac had the highest growth rate once again this year at 20 per cent, or more than $284 million.
The northern New Brunswick community of Belledune had the lowest growth rate at 1.4 per cent, or around $3.7 million.
Moncton had the highest assessment base growth among the province’s three largest cities. Its assessment base grew by $1.2 billion, or 12.2 per cent.
Fredericton came in second with 10.5 per cent growth, or $978 million. Saint John followed at 9.8 per cent, or nearly $723 million.
Here is a look at some of the other assessment base increases across southern New Brunswick.
- Arcadia: 7.4% ($32.4 million)
- Beausoleil: 14.3% ($142.8 million)
- Butternut Valley: 8.0% ($36 million)
- Campobello Island: 8.4% ($8.9 million)
- Cap-Acadie: 12.7% ($140.1 million)
- Champdoré: 14.1% ($53.7 million)
- Eastern Charlotte: 9.8% ($59.9 million)
- Five Rivers: 14.9% ($55.9 million)
- Fundy Albert: 12.6% ($64.5 million)
- Fundy Shores: 4.3% ($21.2 million)
- Fundy-St. Martins: 11.5% ($42.9 million)
- Grand Bay-Westfield: 11.4% ($61.6 million)
- Grand Lake: 10.7% ($42.4 million)
- Grand Manan: 10.5% ($24.7 million)
- Grand-Bouctouche: 12.3% ($65.3 million)
- Hampton: 12.4% ($109.2 million)
- Maple Hills: 13.5% ($121.8 million)
- McAdam: 9.1% ($4.9 million)
- Memramcook: 13.5% ($55.5 million)
- Quispamsis: 12% ($266.2 million)
- Rothesay: 10.8% ($175.6 million)
- Saint Andrews: 10.3% ($58.4 million)
- Salisbury: 12.4% ($85.8 million)
- St. Stephen: 8.3% ($53.5 million)
- Strait Shores: 13% ($31.4 million)
- Sussex: 11.7% ($67.1 million)
- Tantramar: 9.2% ($87.9 million)
- Three Rivers: 11.6% ($36.6 million)
- Valley Waters: 9.3% ($41.2 million)
You can find a full breakdown for each New Brunswick community, including how much they will receive in provincial grants, by clicking here.
Property assessment notices are now being mailed in January instead of October. Tax bills will continue to be mailed on March 1.
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