PCs plan to cap N.B. property assessments hikes
Last Updated: Wednesday, September 1, 2010 | 9:47 AM ET
New Brunswick homeowners will see their property tax assessment increases capped at three per cent for the next two years if the Progressive Conservatives are elected on Sept. 27.
Progressive Conservative Party Leader David Alward made the promise at a campaign stop in Fredericton.
Alward said the strategy will ease the burden of tax increases on families for two years.
"In order to overhaul the system, we need to take the time to work with all parties involved in the system," Alward said.
"The system is not working and as a result, New Brunswickers are paying more and more each year. This commitment once again shows that the PC Party has a plan to put New Brunswickers first, for a change."
The Liberals promised earlier in August that if re-elected they would freeze property tax assessments for two years.
The New Brunswick government commissioned Jean-Guy Finn to write a report overhauling local governance in the province. That report dealt with regrouping municipalities and unincorporated areas, as well it tackled the touchy subject of property taxes.
The Liberals shelved the report saying it would be too costly to implement during the economic downturn.