New Brunswick: political and economic topics, especially pertaining to the property tax system

With no revenue neutrality, New Brunswick “fails to meet the test of open and transparent property taxation”

What exactly is revenue neutrality and how does it apply to the property assessment and taxation system in New Brunswick? Answer: it doesn’t. And it’s costing us all a lot of money.

Continue ReadingWith no revenue neutrality, New Brunswick “fails to meet the test of open and transparent property taxation”

The ‘Spike Protection Mechanism’ does property owners no big favour

As per Service New Brunswick’s own information, “Spike Protection prevents your Assessment for Taxation from increasing more than 10% a year (excluding new construction, properties sold in the previous year, or major improvements)”.

Continue ReadingThe ‘Spike Protection Mechanism’ does property owners no big favour

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