For 2026, the Government of New Brunswick introduced a one-year property assessment freeze for residential, non-residential, and industrial properties. This means the assessed value of your property will not change compared to last year.
This does not guarantee that your tax bill will not change. City Council will review the total tax base available, based on property assessments and budget pressures. They will then approve the tax rate per $100 of assessed value. Your tax bill is the assessed value of your property multiplied by the tax rate.
With the 2026 budget process, Fredericton is not just keeping up, we are planning ahead.
The following schedule outlines the key decision-making timeframes.
Budget Meeting Schedule
At each meeting, the relevant section of the budget will be approved in principle, meaning it is tentatively accepted, with the complete budget being formally adopted by City Council in late November.
September 22nd – Budget Kickoff
October 6th – Water & Sewer
October 20th – General Fund Capital
November 3rd – General Fund Operating (including Revenue)
November 17th – Tentative (if additional time is required)
November 24th – Formal adoption at City Council