Property Taxes in Greater Moncton
Rates, assessed values, and what to budget in Moncton, Riverview, and Dieppe — explained plainly.
Property taxes are one of the most common questions I get from buyers and sellers in Greater Moncton — and one of the most misunderstood. People often focus on mortgage payments and commission, then are caught off guard by the annual tax bill once they move in.
This guide covers how property taxes work in New Brunswick, what rates currently look like across Moncton, Riverview, and Dieppe, and how to estimate what you’ll actually pay.
How Property Taxes Work in New Brunswick
New Brunswick has a two-part property tax system. Every property owner pays both a provincial tax and a local (municipal) tax. These are combined into a single annual bill.
Provincial Tax
The Province of New Brunswick sets a base rate that applies everywhere in the province. For owner-occupied residential properties, the provincial rate is $0.5617 per $100 of assessed value (2025 rate — confirmed by Service New Brunswick). Non-owner-occupied residential properties pay a higher provincial rate.
Local (Municipal) Tax
On top of the provincial rate, each municipality sets its own local rate. This varies significantly between Moncton, Riverview, and Dieppe — and is the main reason your tax bill differs depending on which community you buy in.
Assessed Value vs. Market Value
Your tax bill is based on your property’s assessed value, set by Service New Brunswick — not your sale price or listing price. Assessed values are typically lower than market value, though the gap has narrowed in recent years as the market has risen. Assessment notices are mailed each January.
Important for buyers: When you purchase a home, the assessed value will often be updated at the next assessment cycle to reflect the new market value. Budget for a potential increase in your first full year of ownership.
2025 Property Tax Rates — Greater Moncton
Below are the combined provincial + local rates for owner-occupied residential properties in the three main municipalities. All figures are per $100 of assessed value.
Rates sourced from Service New Brunswick and respective municipal budgets. Rates are subject to annual adjustment. Verify with the municipality before purchasing.
Dieppe has the lowest combined rate of the three main municipalities — one of several reasons it has attracted strong residential growth. Riverview sits in the middle, and Moncton carries the highest rate, partly reflecting its broader urban services and infrastructure obligations.
Real-World Tax Examples
To make this concrete, here’s what annual property taxes look like on homes at different price points across Greater Moncton. These examples use assessed values estimated at approximately 85–90% of current market values (typical for the region), combined with the 2025 rates above.
| Sale Price | Est. Assessed Value | Moncton / yr | Riverview / yr | Dieppe / yr |
|---|---|---|---|---|
| $300,000 | $255,000 | $4,203 | $3,961 | $3,800 |
| $386,000 (avg) | $328,000 | $5,406 | $5,095 | $4,887 |
| $450,000 | $382,500 | $6,304 | $5,941 | $5,699 |
| $550,000 | $467,500 | $7,706 | $7,262 | $6,966 |
| $700,000 | $595,000 | $9,807 | $9,242 | $8,871 |
Estimates only. Actual taxes depend on your specific assessed value. Contact Service New Brunswick or the relevant municipality for a precise figure on a specific property.
Estimate Your Property Tax
Property Tax Estimator
Enter your estimated purchase price and municipality to see an approximate annual tax bill.
What Buyers Need to Know
Taxes Are Prorated at Closing
When you purchase a home, property taxes are prorated between buyer and seller as of the closing date. If the seller has already paid the full year and you’re closing mid-year, you’ll owe the seller a reimbursement for the portion of the year you’ll own the home. Your lawyer handles this as part of the closing adjustments.
Budget for a Potential Assessment Increase
If the previous owner has owned the property for many years, their assessed value may be significantly lower than current market value. Once the property transfers to you, Service New Brunswick can update the assessment — which may mean a higher tax bill in your first or second year of ownership.
Factor Taxes Into Your Affordability Calculations
Lenders do consider property taxes when calculating your GDS (Gross Debt Service) ratio. On the average Greater Moncton home, property taxes add roughly $400–$550/month to your housing costs. This affects how much mortgage you qualify for.
Tip: When comparing two homes at the same price but in different municipalities, always check the assessed value and applicable rate. A home in Dieppe at the same price as one in Moncton will have a lower ongoing tax bill — which compounds significantly over time.
What Sellers Need to Know
Taxes Are a Closing Adjustment
As a seller, if you’ve prepaid property taxes for the year and close before December 31, the buyer owes you a credit for the remaining portion. Your lawyer calculates this automatically as part of the statement of adjustments.
Taxes Don’t Affect Your Listing Price
Buyers will factor the ongoing tax burden into their assessment of a home’s value, but the tax rate itself is a fixed external cost — not something you can negotiate or control. What you can control is your commission. At 3%, you keep significantly more of the proceeds.
Can You Appeal Your Assessment?
Yes. If you believe your property has been over-assessed relative to comparable properties, you can file an appeal with Service New Brunswick. The deadline is typically within 30 days of receiving your assessment notice in January.
Receive your assessment notice (January)
Service New Brunswick mails annual property assessment notices each January.
Review and compare
Check your assessed value against recent sales of comparable homes in your area. SNB’s online property assessment tool can help.
File an appeal within 30 days
Submit your appeal to SNB in writing. Include comparable sales data to support your case.
Attend a review hearing if required
SNB may schedule a hearing. You can present your evidence in person or in writing.
Receive a revised assessment or denial
If successful, your assessed value — and therefore your tax bill — is reduced. If denied, you can escalate to the Assessment and Planning Appeal Board.
Frequently Asked Questions
Questions About Buying or Selling in Greater Moncton?
I’m happy to walk you through the numbers — taxes, closing costs, net proceeds, all of it — before you make any decisions.
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