Paying property taxes is a necessary part of being a homeowner.
It helps fund various public services, including education, healthcare, and public safety.
However, knowing when to pay your property taxes can be confusing, especially if you’re new to the system.
This post will help you out with when property taxes are due in New Brunswick, Canada.
Property Tax Due Dates in New Brunswick
The due date for property taxes in New Brunswick varies depending on the municipality.
Generally, property taxes are due twice a year: on March 31st and September 30th.
However, some municipalities may have different due dates. It’s important to check with your municipality to confirm when your property taxes are due.
Late Payment Penalties
If you miss the due date for your property taxes, you will be subject to late payment penalties.
These penalties can be quite steep, ranging from 1% to 2% per month. In addition, interest may also be charged on any outstanding balance.
To avoid late payment penalties, it’s important to pay your property taxes on time.
Methods of Payment
There are several ways to pay your property taxes in New Brunswick.
The most common methods are:
- Online Banking: Many banks offer online banking services that allow you to pay your property taxes directly from your bank account. Simply add your property tax account as a payee and make a payment.
- Mail: You can mail a cheque or money order to your municipality’s tax department. Make sure to include your property tax account number on the cheque or money order.
- In Person: You can also pay your property taxes in person at your municipality’s tax department. Most municipalities accept cash, cheque, money order, and debit payments.
- Pre-Authorized Payments: Some municipalities offer pre-authorized payment plans that allow you to automatically pay your property taxes each year. This is a convenient option for those who prefer to set it and forget it.
Knowing When Your Property Tax is Due in New Brunswick
Knowing when your property taxes are due in New Brunswick is important to avoid late payment penalties. While the due date is generally March 31st and September 30th, it’s important to check with your municipality to confirm.
Additionally, there are several ways to pay your property taxes, including online banking, mail, in-person, and pre-authorized payments. By staying on top of your property taxes, you can ensure that you’re contributing to public services and avoiding unnecessary penalties.