An Act to Amend the Real Property Tax Act
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 Section 5 of the Real Property Tax Act, chapter R-2 of the Revised Statutes, 1973, is amended
(a) by repealing paragraph (1.04)(b) and substituting the following:
(b) $2.1860 on each $100 valuation of real property being non-residential property.
(b) by repealing subsection (1.06) and substituting the following:
5( 1.06) For the year 2016 and every subsequent year, the rate of tax to be used in paragraph (1)(b) is $2.1860 on each $100 valuation of real property being non-residential property.
2 This Act comes into force on January 1, 2015.