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Double Tax

New Brunswick apartments property tax rate is 2.5 times higher than the Canadian average thanks to the double tax. That makes property tax the single biggest expense for apartments in New Brunswick.

Key Ratios

 

NB Apartment Rate vs Single Family Home = 169%


NB Apartment Rate vs Other Atlantic Provinces = 189%


NB Apartment Rate vs The Rest of Canada = 308%

To see a full comparison of New Brunswick property tax rates to the rest of the country

Tax Facts

  • On average more than 2 months of rent goes to pay property tax every year

  • Halifax’s property tax on apartments is half of New Brunswick’s

  • Property tax rates for apartments in New Brunswick on average are 2.5 times higher than downtown Toronto

  • New Brunswick is the only province with a double tax– that means property taxes on apartments are twice as high as someone owning a home of the same value

 

Premier Blaine Higgs Can Stop This

 

Email him at premier@gnb.ca or call him at 453-2144 to speak out against the double Tax and have your tenants do the same.