Tax Credit
Heritage Place Property Tax Abatement
By undertaking an approved restoration project to a designated heritage property, the Property Tax Abatement Program for Heritage Properties allows the owner to be forgiven a portion of the net increase in provincial and municipal property taxes resulting from the increase in the assessed value of the property for a four-year period.
- 4.5/5.0
- New Brunswick. Tourism, Heritage and Culture
- All levels
- Last updated 1 month ago
- English
Description
By undertaking an approved restoration project to a designated heritage property, the Property Tax Abatement Program for Heritage Properties allows the owner to be forgiven a portion of the net increase in provincial and municipal property taxes resulting from the increase in the assessed value of the property for a four-year period.- The Property Tax Abatement Program for Heritage Properties is an incentive for owners of heritage properties to restore and re-use designated historic places, thereby extending their useful life and preserving their heritage value to the community.