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Assessment Services- Tax Benefit Programs

For Homeowners

  1. Residential Property Tax Credit - credits the assessed owner of real property an amount equal to all or a portion of the provincial rate of tax on the portion of the property occupied as the residence of the assessed owner and up to .5 ha of land. For those properties located in municipalities (cities, towns and villages) the amount of the tax credit is equal to the provincial rate of tax ($1.50 per $100 of assessed value). Those properties located in local service districts receive a portion of the provincial rate of tax or $0.85 cents per $100 of assessed value.

    When residential property transfers to a new owner, the tax credit is removed from the property until such time as the new owner completes an application that indicates if and when the property became the place of residence of the owner.

    This program may be divided into five distinct categories:

    1. 100% Tax Credit - a property may be eligible for a 100% tax credit on the residential portion of the assessed value if the assessed owner maintains his/her principal residence on the property on January 1st. These properties include a single-family residence, a duplex, a triplex or an apartment building. In the case of a duplex, triplex or an apartment building, only the portion of the property maintained as the owner's principal residence and up to 0.5 hectares of land is eligible for the credit. Applications must be completed by the owner.

    2. Partial Tax Credit - if a person becomes the owner of a property on or after January 1st, 1983, that person will be eligible for a partial tax credit on the portion of the property maintained as their principal place of residence and up to 0.5 hectares of land, either from the date the property transfers to his/her name or from the date the assessed owner takes up residency in the property, whichever is later, provided a credit has not already been awarded to the property for that year. Applications must be completed by the property owner.

    3. New Construction Tax Credit - a new construction tax credit may be awarded to a property if that property is to be used as a single family residence, whether or not it is completed and if it has never been occupied by anyone, either by the assessed owner or any other person. This type of credit is awarded on a yearly basis only.

    4. Residence occupied for at least 183 days in calendar year - the assessed owner on January 1st may be eligible to receive a tax credit on their property if they have maintained their residence on the real property for at least 183 days and if they are not eligible to receive a credit on any other real property for the year as "a principal place of residence. NOTE - the applicant must be a resident of the Province of New Brunswick to qualify under this provision. The difference in this type of credit and that described under subsection (a) above is that this section deals with a "residence" not a "principal place of residence".

    5. Properties purchased under an Agreement of Purchase and Sale - if a person becomes the owner of real property on which he/she has maintained his/her principal place of residence on real property that has been purchased under an Agreement of Purchase and Sale, a tax credit may be available for the year of purchase and 3 prior years if:

      1. the person was required under the Agreement to purchase the real property within 3 years after the date the agreement was executed;
      2. the person maintained their principal residence on the real property after the date the agreement was executed;
      3. the agreement was registered in the registry office for the county in which the real property lies within ninety (90) days after it was executed;
      4. the person became the owner of the real property in accordance with the agreement (registers a deed);
      5. no other person was entitled to a credit on the property for that period.

      Section (d) is effective beginning January 1st, 1999. Section (e) applies only to Agreements of Purchase and Sale executed after January 1st, 1999.

  2. Property Tax Allowance -a payment to the assessed owner on application in the amount of the tax levy for the year of application to a maximum of $200 on the portion of the assessed value that is receiving the residential property tax credit if

    1. (a) the property is receiving the residential tax credit on January 1 of the year of application, and
    2. (b) the combined total taxable income of the applicant and their spouse or the person with whom they cohabit as husband/wife did not exceed $20,000 in the year prior to the year of application.

    The amount of the allowance is the amount of the tax levy for the year of application to a maximum of $200 on the credit portion of the assessed value. Applications are available at all Service New Brunswick Offices throughout the Province by March 1 each year. Applications filed before December 31 may be approved for the current year and up to 3 prior years. The amount of the allowance may be deducted at the time of payment. If the allowance for the current year creates a credit of $200 or less in the tax account, a cheque will be forwarded automatically by the Department of Finance. However, if a credit balance occurs as a result of approval of the allowance for more than the current year (more than $200), the property owner must forward a request for refund to the Department of Finance. Otherwise the credit will remain in the tax account to be applied against the next year's tax levy.

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    For Farmers

    Agriculture, Fisheries and Aquaculture/Farm Land Identification Program (FLIP)

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    For Charitable or Not-For-Profit Organizations

    The Assessment Reduction Program may be available to charitable and not-for-profit organizations that own and occupy their own premises in accordance with the Assessment Act and Regulations. Applications should be submitted by the organization requesting the reduction. Conditions of eligibility are:

    1. the primary activities sponsored or hosted on all or a part of the property must provide services to the community and must benefit one or more of the following:

      1. relief of poverty;
      2. services to youth;
      3. services to the elderly; or
      4. services to the disabled or disadvantaged; and

    2. the primary activities sponsored or hosted on all or a part of the property must be funded to a considerable extent by donations and volunteer efforts.

    Organizations wishing to apply for consideration under this program for the future year must submit their application on or before September 30th of the current year. Applications are reviewed by a committee of representatives from Service New Brunswick, the Department of Finance, and Department of Environment and Local Government on behalf of the Director of Assessment. All decisions made by the Director are final and cannot be reviewed in any court. Department of Finance

    Check these links for more Assessment Services information

    Assessment Services - Mandate / Main
    Assessment Services - History
    Assessment F.A.Q.
    Appeal Process
    Tax Benefit Programs
    Legislation
    Assessment & Tax Notices
    Related Links

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