New Brunswick’s government says it will move to set how much municipalities can raise property taxes each year. According to reporting from both outlets, the province plans to communicate to every municipality across the province the level of property-tax revenue it should collect annually. The government frames the approach as a way to help lower overall property tax bills for residents, aiming to reduce variability in tax rates and provide clearer guidance to municipalities when they prepare budgets.
The plan represents a shift from municipalities determining their own property tax levels independently. Under the government’s approach, municipal taxing decisions would be shaped by provincial targets or limits communicated each year, affecting how local governments plan funding for services.
Details on the specific formula, caps, or factors used to determine each municipality’s required tax increase are not included in the provided summaries. The proposal’s implementation timing and how municipalities can respond to the provincial guidance are also not specified in the source material.
