|
The Re-inspection Program Property Assessment Services is mandated to assess the market value of all properties in New Brunswick each year. To do that, each of the 460,000 properties in the province needs to be visited and re-inspected on a rotating cycle over a 10-year period.
For details on the re-inspection program, please choose from the following:
What is the purpose of the re-inspection program? The purpose of our re-inspection program is simple – we need to update the information we have on your property. We need to gather accurate and complete data on all properties within a given neighbourhood and we do this through physical inspections of individual properties. The results of these re-inspections are used to realign the assessed value of these properties with their Real Property Assessment (market value) for the next tax year. --------- Top ---------
How are neighbourhoods selected for re-inspection? Each year, re-inspection programs are completed in various neighbourhoods throughout the province. Property Assessment Services selects areas for re-inspection based upon need, activity or date of last re-inspection.
The goal of Property Assessment Services is to inspect all residential properties on a 10-year re-inspection cycle. --------- Top ---------
Why was my property inspected? As part of our ongoing re-inspection program, our assessors travel door-to-door in neighbourhoods and communities throughout the province to update and check existing information on property records. Last year, we re-inspected approximately 43,000 residential properties across the province. --------- Top ---------
What information do you gather on my property during an inspection? Our assessors inspect properties make sure that the information we have on your property is correct.. We record any changes that may have been made to We record any changes that may have been made to your property since it was last inspected. These changes cover:
--------- Top ---------
What if I’m not home when the assessor comes? The assessor will only do an exterior inspection if you aren’t home. In this case, we rely on existing records for the interior details of your property. If you are home, we’ll do an interior inspection, at which time we’ll review, check and update all relevant information. Land value is important too Our assessment also considers land value, as well as, recent real estate market activity and values within your neighbourhood. --------- Top ---------
The outcome of a property re-inspection is usually a new assessed value for your property. On March 1st of each year, you will receive your Property Assessment and Tax Notice, which will outline the new assessed value (which reflects the market value) of your property for the current tax year. Your assessed value is multiplied by your local tax rate to determine your final property tax bill. Based on the property improvements we have seen and the strength of the resale market in the area, property assessments generally increase after a re-inspection program has been completed within a particular neighbourhood. --------- Top ---------
What if I don't agree with the assessment? If you disagree with your assessment, there are several things you can do:
--------- Top ---------
The assessor who visited your property left a door-hanger on your front door with the contact information of the responsible assessor on it. Please feel free to contact this person if you have any questions about your property re-inspection. For more information on the re-inspection program or any other assessment-related activities, please contact the regional office nearest you. --------- Top ---------
|
| © 2010 Service New Brunswick | ![]() |
![]() |