Fredericton Property Tax Calculator 2023

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The City of Fredericton is the capital city of New Brunswick, located along the St. John River and is home to over 63K residents. The population of Fredericton grew by 7.5% from 2016 to 2021. The average price of homes sold was $317K in August 2023, which is a 16.3% increase over the previous year. During the same time period, the number of new listings decreased by 11%, and the number of active residential listings declined by 18%. Fredericton real estate market is currently a seller's market. The home prices in Fredericton are very affordable compared to cities like Toronto and Vancouver, where the average home price is over $1M.

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Assessment Value of the Property
2023 Property Tax Value
$9,5029.50k
2023 Residential Property Tax Rate
1.900300 %

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
YearMunicipal RateProvinical RateFinal Tax Rate
20231.338600%0.561700%1.900300%
20221.408600%0.561700%1.970300%
20211.431100%1.123300%Not Available
20201.431100%1.123300%2.554400%
20191.450500%1.337300%2.787800%
20181.421100%1.337300%2.758400%
20171.421100%1.123300%Not Available
20161.421100%1.123300%Not Available
20151.421100%1.277300%Not Available
20141.421100%1.337300%Not Available
20131.421100%1.397300%Not Available
20121.421100%Not AvailableNot Available
20111.421100%Not AvailableNot Available
20101.426100%Not AvailableNot Available
Based on of Fredericton official website: check source

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:

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Fredericton at a Glance
ProvinceNew Brunswick
Settled Year1713
Established Year1785
Incorporated Year 1848
Population 63,116
City Area132.57 km 2 (51.19 sq mi)

Property Taxes in Atlantic Canada for a $500K Assessed Value Home*

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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:

  1. Direct Comparison Approach
  2. 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.

  3. Cost Approach
  4. 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.

  5. Income Approach
  6. 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.

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This calculator is provided for general information purposes only. This calculation may not include any special charges, levies or fees. Results are approximations only. For official and the most up-to-date information, please see your porerty tax bill or contact the relevant taxation authority of your region.