The Heritage
Place - Property Tax Abatement Program provides Property tax
abatements for owners of heritage properties in New Brunswick to
restore and re-use designated historic places. In the first year of
the program, the owner of the heritage property will pay property
tax on the pre-project assessment. The owner would then be forgiven
75% of the assessment increase during the second year, 50% in the
third and 25% in the fourth year.
Ongoing
G85
Heritage Place - Property Tax Abatement
The Heritage
Place - Property Tax Abatement Program provides Property tax
abatements for owners of heritage properties in New Brunswick to
restore and re-use designated historic places. In the first year of
the program, the owner of the heritage property will pay property
tax on the pre-project assessment. The owner would then be forgiven
75% of the assessment increase during the second year, 50% in the
third and 25% in the fourth year.