Heritage Place Property Tax Abatement
“New Brunswick. Tourism, Heritage and Culture”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
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.
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