Moncton Property Tax Calculator 2023
The City of Moncton is located in the Petitcodiac River Valley and is home to over 79K residents. The population of Moncton increased by 10.5% from 2016 to 2021. The benchmark price of a home in the City of Moncton was $344K in August 2023, which was a 6.9% increase from the previous year. This increase is primarily supported by a 6.2% increase in the benchmark price for detached homes. Over the same time period, new listings in Greater Moncton increased by 2.1%, but active listings decreased by 10% because of a 15.8% surge in residential sales. Greater Moncton, including the City of Moncton, is a seller's market, with the sales increasing at a much greater pace than new listings.
I know my home’s Assessment value
I Don't Know My Home's Assessed Value
Moncton Property Taxes
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
| Residential Property Tax Rate for Moncton from 2010 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Provinical Rate | Final Tax Rate |
| 2023 | 1.444300% | 0.561700% | 2.006000% |
| 2022 | 1.547200% | 0.561700% | 2.108900% |
| 2021 | 1.649700% | 1.123300% | 2.773000% |
| 2020 | 1.649700% | 1.123300% | 2.773000% |
| 2019 | 1.649700% | 1.337300% | 2.987000% |
| 2018 | 1.649700% | 1.337300% | 2.987000% |
| 2017 | 1.649700% | 1.123300% | Not Available |
| 2016 | 1.654300% | 1.123300% | Not Available |
| 2015 | 1.639300% | 1.277300% | Not Available |
| 2014 | 1.639300% | 1.337300% | Not Available |
| 2013 | 1.639300% | 1.397300% | Not Available |
| 2012 | 1.639300% | 1.457300% | Not Available |
| 2011 | 1.646900% | 1.457300% | Not Available |
| 2010 | 1.646900% | 1.457300% | Not Available |
Moncton Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Moncton's property tax department through the following methods:
Moncton Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Moncton's property tax department through the following methods:
| Moncton at a Glance | |
|---|---|
| Province | New Brunswick |
| Settled Year | 1733 |
| Established Year | 1766 |
| Incorporated Year | 1875 |
| Population | 79,470 |
| City Area | 141.92 km 2 (54.80 sq mi) |
Property Taxes in Atlantic Canada for a $500K Assessed Value Home*
Property Assessments in Atlantic Canada
Properties in Atlantic Canada are assessed by different organizations for each province.
Nova Scotia
For Nova Scotia, properties are assessed by the Property Valuation Services Corporation which mails out property assessment notices every year in January.
New Brunswick
For New Brunswick, properties are assessed by the province through Service New Brunswick (SNB) which mails out property assessment notices every year in October.
Prince Edward Island (PEI)
For PEI, properties are assessed by the province which mails out property assessment notices along with the property tax bill every year in May.
Newfoundland and Labrador
For Newfoundland and Labrador, properties are assessed by the Municipal Assessment Agency which mails out property assessment notices every year before September.
Most properties are assessed using a market value-based approach. There are three ways that uses to determine a property’s market value:
- Direct Comparison Approach
- Cost Approach
- Income Approach
Residential properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.
Unique and rarely traded properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property minus depreciation due to age or other factors. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.
For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. This approach uses the income generated by the property as well as the sales price to determine its assessed value.
Property Taxes in Atlantic Canada for a $500K Fair Market Value Detached Home*
How We Calculate Your Property Tax
If you entered your home's Provinical Assessment value, we calculate your property tax by multiplying your Assessment value by Moncton's final property tax rate.Property Tax of Other Cities in Atlantic Canada
There has never been a better time for Moncton residents to switch mortgages. Take advantage of low-interest rates and rising property values by learning more about Mortgages in New Brunswick. In some cases, you could save thousands of dollars!
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.