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New Brunswick Land Transfer Tax Calculator

When you a buy a house or condo in New Brunswick you are subject to land transfer tax on closing. Use Ratehub.ca’s calculator to determine your land transfer tax or view New Brunswick’s current rates below.

Ratehub.ca's land transfer tax calculator

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Determining your land transfer tax

Provincial

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Municipal

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Rebate

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Land transfer tax

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Land transfer tax rates in New Brunswick1

The New brunswick land transfer tax rates are as follows:

Land transfer tax First-time home buyer rebate
1.00% of your property's assessed value or 1.00% of the purchase price, whichever is greater of the two values. There is no land transfer tax rebate in New Brunswick.

 

Example land transfer tax calculation - New Brunswick

Let’s assume you are purchasing a house assessed to be worth $100,000, but your purchase price was $90,000. Since the assessed value is the greater of two values in this example, it will be used to calculate your land transfer tax.

  • $100,000 assessed property value
    × 1.00% tax rate 
    = $1,000 land transfer tax

 

References and notes

  1. Source, Public Legal Education and Information Service of New Brunswick

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