Fredericton Property Tax Calculator 2023
The City of Fredericton is the capital city of New Brunswick located along the St. John River and is home to over 58K residents. The population of Fredericton grew by 3.6% from 2011 to 2016. The average prices of homes sold was $226,323 in February 2021, which is a 9.9% increase over the previous year. During the same time period, the number of new listings increased by 3%, but the number of active residential listings declined by 44.4%.This record low of active listings for over two decades strongly indicates that Fredericton is a seller's market. Due to Fredericton's modest selling price increase, home prices are not very inflated.
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Fredericton Property Taxes
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
| Residential Property Tax Rate for Fredericton from 2010 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Provinical Rate | Final Tax Rate |
| 2023 | 1.338600% | 0.561700% | 1.900300% |
| 2022 | 1.408600% | 0.561700% | 1.970300% |
| 2021 | 1.431100% | 1.123300% | Not Available |
| 2020 | 1.431100% | 1.123300% | 2.554400% |
| 2019 | 1.450500% | 1.337300% | 2.787800% |
| 2018 | 1.421100% | 1.337300% | 2.758400% |
| 2017 | 1.421100% | 1.123300% | Not Available |
| 2016 | 1.421100% | 1.123300% | Not Available |
| 2015 | 1.421100% | 1.277300% | Not Available |
| 2014 | 1.421100% | 1.337300% | Not Available |
| 2013 | 1.421100% | 1.397300% | Not Available |
| 2012 | 1.421100% | Not Available | Not Available |
| 2011 | 1.421100% | Not Available | Not Available |
| 2010 | 1.426100% | Not Available | Not Available |
Fredericton Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Fredericton's property tax department through the following methods:
Fredericton Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Fredericton's property tax department through the following methods:
| Fredericton at a Glance | |
|---|---|
| Province | New Brunswick |
| Settled Year | 1713 |
| Established Year | 1785 |
| Incorporated Year | 1848 |
| Population | 58220 |
| City Area | 132.57 km 2 (51.19 sq mi) |
Property Taxes in Atlantic Canada for a $500K Assessed Value Home*
Property Assessments in Atlantic Canada
Properties in Atlantic Canada are assessed by different organizations for each province.
Nova Scotia
For Nova Scotia, properties are assessed by the Property Valuation Services Corporation which mails out property assessment notices every year in January.
New Brunswick
For New Brunswick, properties are assessed by the province through Service New Brunswick (SNB) which mails out property assessment notices every year in October.
Prince Edward Island (PEI)
For PEI, properties are assessed by the province which mails out property assessment notices along with the property tax bill every year in May.
Newfoundland and Labrador
For Newfoundland and Labrador, properties are assessed by the Municipal Assessment Agency which mails out property assessment notices every year before September.
Most properties are assessed using a market value-based approach. There are three ways that uses to determine a property’s market value:
- Direct Comparison Approach
- Cost Approach
- Income Approach
Residential properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.
Unique and rarely traded properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property minus depreciation due to age or other factors. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.
For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. This approach uses the income generated by the property as well as the sales price to determine its assessed value.