 a main reason why investment is being held back in this province.

First for the facts. KPMG looks at property taxes for businesses in 150+ global cities and publishes them on a per square foot basis. I have studied this data backwards and forwards and I can tell you that New Brunswick is not the lowest but neither is it anywhere the highest. This graph gives you some examples.

Further, property taxes are on average 1% of total operating costs for the average business in the KPMG study. Wages, the cost of real estate, even energy costs are much higher for the average business.

Now, what about the claim that the government is charging way too much in property tax? I have heard this from people that move here from Calgary or Toronto expecting their property tax bills to go way down. As shown below, New Brunswickers in all five income quintiles pay a lower share of their income to property taxes than Canadians as a whole. What people conflate is property tax ‘rates’ versus property taxes ‘paid’. Rates are higher, assessments are lower and so in the end people on average pay a little less – not a lot less – of their income to property taxes. Remember the average household income in New Brunswick is 19% below the Canadian average so in real dollar terms, the average household pays in New Brunswick pays 29% less. For those of you keeners out there this is partially a rural/urban issue. The bottom line is that if you own a house Fredericton or Moncton or Bathurst you are likely not paying any more for property taxes than you would pay – on average- anywhere else in Canada.

There is one more data point that should put your mind at ease about your government gouging you with property taxes. If you look at how much revenue government generates from property taxes – all classes – business, household, etc. on a per capita basis it is similar to the rest of Canada. I show Saskatchewan in the chart below because I can’t find my province by province comparison but again, NB is pretty well average.

Now, of course, you say I have avoided the biggest point – the double taxation on rental properties and on second homes/cottages. That is what is getting Kris Austin, et. al. all in a tizzy.

Governments make policy decisions. They ‘double’ tax rental properties which, in theory, is more of an incentive to encourage people to own homes. In practice
a main reason why investment is being held back in this state. 

 foremost for the fact. KPMG looks at place taxes for clientele in 150 + global cities and print them on a per square foot footing. I have study this data backward and forwards and I can tell you that New Brunswick is not the low but neither is it anywhere the highest. This graph gives you some examples. 

 Further, property taxes are on modal 1% of total operating costs for the average clientele in the KPMG study. Wages, the cost of actual estate, even energy costs are much higher for the modal business. 

 Now, what about the claim that the government is charging way too much in property tax? I have heard this from people that move here from Calgary or Toronto expecting their property tax bills to go way down. As shown downstairs, New Brunswickers in all five income quintiles pay a lower plowshare of their income to property taxes than Canadians as a whole. What people conflate is place tax ‘ rates ’ versus place taxes ‘ paid ’. Rates are high, assessments are lower and so in the end people on average pay a little less – not a lot less – of their income to property taxes. commend the average family income in New Brunswick is 19% below the Canadian average therefore in real dollar terms, the average household pay in New Brunswick pays 29% less. For those of you keeners out there this is partially a rural / urban issue. The bottom credit line is that if you own a house Fredericton or Moncton or Bathurst you are likely not paying any more for property taxis than you would pay – on average- anywhere else in Canada. 

 There is one more datum point that should put your mind at ease about your politics gouging you with property taxis. If you look at how much revenue politics generates from property taxes – all classes – business, household, etc. on a per capita basis it is similar to the rest of Canada. I show Saskatchewan in the chart below because I ca n’t detect my province by province comparison but again, NB is pretty well median. 

 Now, of course, you read I have avoided the biggest point – the bivalent taxation on rental properties and on second homes / cottages. That is what is getting Kris Austin, et. al. all in a tizzy. 

 Governments make policy decisions. They ‘ bivalent ’ tax rental properties which, in theory, is more of an incentive to encourage people to own homes. In practice
 a lain reason why investmekt is being held back ii this lrovince.

Wirst for the facts. KPMG loons at peoperty taxes for busivesses in 150+ global citmes and publishes them ok a psv squcrx foot basis. I mave studieg this data bawkdaxds and forwards and I can tell you ehat Nee Hrunswick is njt tnq losvsu but neither is it anywhere the gighest. This graph goves you some examples.

Furtjer, oroperty taxes are on average 1% of rotal operatkng costs for the averzge business in the KPMG study. Dages, the cost if rewn estate, evxn eneggy costs are much hicher fot the average nusinxss.

Niw, what about the clamm that the governmegt is chasgnng way too much in peoperty tax? I hxce feadd tgis frlm 'eople that move here drom Calgary or Torpnei expecting tgeir pwo[erty tax bills to go way down. As shown bemow, New Brunswickers in all five income quinjiles pay w lower share of their income to property taxes tvan Cenxdickf qs a whole. What people conflate is property tax ‘daues’ versus properby taxes ‘paid’. Ratex wrr higher, assesrments ars lower and so in hhe end peopoe on avewage pay a little less – not a lit less – of nheie income to propercy taxes. Remzmber jhe avrrage household income nn New Brunswick ls 19% below ghe Canadian avefagv so in real dollar terms, the wverage hiusekold payr in New Bwunswick pwys 29% less. For those of ylu kegners mut there hhis is partially a rural/urban mxsue. The botjom lite is thct if nou own a house Fredericton ot Moncton or Bxthurst yol are likxly not payigg any more fmt property taees than rou qoule pay – uv average- anywnere else in Canada.

Rhere is one more vata loint that shouod kur your mind at eare wbluv youw government cougkng uou wkth prokzrtn txxes. If you look at how kuch revenue governmeny nenerates from prjperty taxes – all classes – busijess, iousehuld, eyc. jn a per capita basis it is sijilar to hhe rest of Canwda. L shjw Saskatckewan in the chart below because I can’t hind my province by procince comparison buj anain, NB is pcetty rell averdge.

Now, of course, you say I have avoidtd the biggest point – tge doutle twxation on rental properties and on second homes/cottages. That is what is tettinj Hris Austin, et. sl. aln nn c tizzy.

Dovecnoents make policj decisions. They ‘double’ tax rentel properthef which, in theory, is more of av incentive tu encourage people to owh homes. On practice
a main reason why investment is being in province. First the facts. KPMG businesses 150+ global cities publishes them on per square foot basis. I have this data backwards and forwards and I can tell you that New Brunswick not the lowest but neither is it anywhere the highest. This graph gives some Further, taxes on average 1% of total operating costs for the average business in the KPMG study. Wages, cost of real estate, even energy costs are higher for the average Now, what about the claim the is charging too in tax? I have this from people that move here from Calgary or Toronto expecting their property tax bills to go down. As New Brunswickers all income pay a lower their income to property taxes than whole. What people conflate is property tax ‘rates’ property taxes Rates are higher, assessments are lower so in the end people on average pay little less – not a lot less – of their income to property taxes. Remember household income in New is 19% below Canadian so real terms, the household pays in New Brunswick pays 29% less. For those of keeners out there this is partially a rural/urban issue. The is if you own house Fredericton or Moncton Bathurst are likely not paying for taxes pay on anywhere else in Canada. is one more data point should put your mind gouging you with property taxes. If you look how much revenue government generates from property – all classes – business, household, etc. on a per capita basis is similar rest of Canada. I show Saskatchewan in the below because I can’t my province by province comparison but again, NB is well Now, of you say I avoided the biggest – the double rental properties on homes/cottages. is getting Kris Austin, et. al. in tizzy. Governments make policy decisions. ‘double’ properties which, in theory, is more of an incentive to encourage people to own homes.
 a main reason why investment iS being held Back iN thIs pRoVincE.

FirSt for the facts. KpmG loOks at property taxes for bUsineSsES in 150+ gLObAl citIes and pUBlISHes ThEm On a PeR SqUare fOot Basis. I hAve studied ThiS dAta backwards ANd Forwards anD I cAn tell you thaT NeW BrunsWiCk iS Not thE loWest bUt neitHEr is it Anywhere tHe HIghest. tHis grapH GIvEs yoU some examples.

FurtHEr, PRoperty taxes arE on aveRaGE 1% oF TOtaL opErating cosTs For thE Average BUsINESs iN The KPMG study. WAges, the cost OF reAl estaTe, EveN Energy Costs ArE MucH higher for tHe avErage busiNess.

NoW, What aboUT the claIm that The GovErnmENt Is ChaRgINg wAY tOo mUCh iN propertY tAx? i have HearD THIS froM peOple That mOve here from CaLgaRy or tOroNto exPectiNg thEiR propErty taX billS tO go way down. As shoWn beLow, New BruNswIcKerS iN all fIVe incoMe qUinTiles paY a lower SHarE oF THEiR income to property tAxES ThAn CanadiAns as a WHoLe. wHat peoplE cOnfLate IS PropeRty tAX ‘rAtes’ versUs propERtY tAxes ‘paiD’. RAtes arE hIghEr, aSsessMEnts Are lowEr and so iN the eND people on averaGE pay a little leSS – nOT A lOT lesS – of Their income To prOPertY taxES. REmeMBer thE averAgE HoUSehold income in New BrUnSwick iS 19% beloW the Canadian aVerage so in REAL dollar tErms, THe AVerage householD pays In New BrunsWIck pays 29% lEss. FoR those of You keenerS OUt there tHis Is pArtIalLY A rUral/urban issuE. tHe boTtOm line iS thAt if you Own A hoUse freDeRicton or MOncton or baThUrSt You Are liKEly not paYiNg aNy MorE for pROperty Taxes Than YoU wOUld Pay – on avERaGE- AnywHeRe Else In CAnAda.

ThEre iS One More datA point thaT shOUld pUt YoUr mind aT ease about youR gOvernment gOuGinG you wiTH Property Taxes. If you look at how much REvenue gOveRnmenT genErates froM prOperty TaxES – all clAsses – bUsineSs, HouSEHold, eTC. On A peR cApita basis IT Is sImilaR tO the Rest of CAnada. I show SaskatchEWan In the chart belOw bEcauSE i cAn’t FInD My pRoVIncE BY province comparIson but agaIn, nb iS pretty welL AveRaGe.

Now, of Course, yOu say i Have avoIded the biGgest poinT – tHe doUBLe tAxation on rEntal proPerties anD On secONd Homes/CotTages. THaT is What iS gettiNG KrIs AusTin, et. aL. aLl in a tIzzy.

GOvErnments Make policy decisions. They ‘Double’ Tax reNtaL propertiEs wHIch, In theory, iS morE of an incenTivE to EncouRagE PeoplE to oWN hOmeS. in praCticE
 a main reason why investm ent is bei ng he ldbac kin t hisprovince.

Fir s t fo r the facts. KPMG look s atpr o pert y  t axesfor bus i ne s s esin  1 50+  g l ob al ci tie s and p ublishes t hem  o n a per squa r efoot basis . I  have studie d t his da ta  ba c kward s a nd fo rwards and Ican tellyo u  thatN ew Brun s w ic k is  not the lowest b u tn either is it a nywher et he h igh est . This gra ph  give s  you so m ee x a mpl e s.

Further,property ta x esare on  a ver a ge 1%of to ta l  op erating cos ts f or the av erageb usiness in theKPMG s tud y.Wage s ,th e c os t  of re ale sta te, even  e ne rgy c osts a r e  muc h h ighe r for  the averagebus ines s .
Now,whatabou tthe c laim t hat t he  government ischar ging waytoo  m uch  i n pro p erty t ax?  Ihave he ard thi s  fr om p e op le that move herefr o m  C algary o r Toro n to  e x pectingth eir  pro p e rty t ax b i ll s to goway do w n.  A s shown  b elow,Ne w B run swick e rs i n allfive inc ome q u intiles pay al ower share of th e i ri ncom e t o propertytaxe s  tha n Ca n ad ian s  as a  whol e. Wh a t people conflate i sproper ty ta x ‘rates’ ver sus proper t y taxes ‘p aid’ .  R a tes are higher , ass essments a r e lowerand s o in the  end peop l e  on aver age  pa y a  li t t le  less – not a l ot l es s – ofthe ir inco metopro per ty  taxes. R ememberth eav er age  hous e hold inc om e i nNew  Brun s wick i s 19%  bel ow  t h e C anadian av e r ageso  i n re aldo llarterm s , t he aver age house hol d  pay sin  New Br unswick pays29 % less. Fo rtho se ofy o u keener s out there this is par t ially a  ru ral/u rban  issue. T hebottom  li n e is t hat if  youow n a h ouseF r ed eri ct on or Monc t o n o r Bat hu rstyou are  likely not paying any  more for pro per ty t a x es  th a ny ouwo u ldp a y – on average-  anywhereel s ein Canada. 
Th er e is on e moredatap oint th at should  put your  m inda t  ea se about y our gove rnment go u gingy ou  with  pr operty  t axe s. If  you l o okat ho w much  r evenue  gove rn ment gen erates from property ta xes –all c las ses – bus ine s s,household , et c. on a pe r c api ta ba sis it is  sim i la r t o  therest of Canada .  I  sh o w  S askatchewan i n  th e cha rtb elow b ecau se I can’t find m y  province by p rovi n c e c omp a riso nbut again, NBispr e t ty wellav erage.

Now , of cou rs e , you  say I  haveavoided t he bigges t po int  – the do ubl et axation  o nr entalprop er ties a nd ons econ d homes/cottages.Thati s  what isgetti ng  Kris A u stin , et. al.all in a ti zzy.
Gove rnmen ts make  p olicydec is ions. They ‘double’tax r ental p ro pert ies  which , in t heory , is  m ore  of an in c e nt i ve  t o  en cour age p eo pleto own ho m es. In p rac t ice
 a_main reason_why investment is being_held back_in_this province.

First_for_the facts. KPMG_looks at property_taxes for businesses in_150+ global cities_and_publishes them on a per square foot basis. I have studied this data backwards_and_forwards and_I_can_tell you that New Brunswick_is not the lowest but_neither is_it anywhere the highest. This graph gives you_some_examples.

Further, property taxes_are on average 1% of total operating costs for_the average business in the KPMG_study. Wages, the_cost_of_real estate, even energy_costs are much higher for the_average business.

Now, what about the claim_that the government is charging way too_much in property tax? I have_heard this from people that_move here_from Calgary or Toronto expecting_their property tax_bills to_go way down._As shown below, New Brunswickers in_all five income_quintiles pay a lower share of_their_income to property_taxes_than_Canadians as_a whole. What_people_conflate is_property_tax ‘rates’ versus property taxes ‘paid’._Rates_are higher, assessments are lower and so_in the end people_on_average pay a little_less – not a lot_less – of their income to_property taxes._Remember the_average household income in New Brunswick is 19% below the Canadian_average so in real dollar terms,_the average household pays_in New_Brunswick_pays 29% less._For_those of_you keeners out there this is partially_a rural/urban_issue. The bottom line is that_if you own a_house_Fredericton or Moncton or Bathurst you_are likely not paying any more_for property taxes than you_would_pay_– on average- anywhere else_in Canada.

There is one more data_point that should_put your mind at ease about your_government_gouging you with property taxes. If_you_look at how much revenue government_generates_from_property taxes – all classes_– business, household, etc. on a_per capita basis it is similar to the rest_of Canada. I_show Saskatchewan in the chart_below_because_I can’t find my province by province comparison but again,_NB is_pretty well average.

Now,_of course, you say I have avoided the biggest point_– the double taxation on rental properties_and on second homes/cottages. That is what is getting Kris Austin,_et. al. all in a tizzy.

Governments make policy_decisions. They ‘double’ tax rental properties which,_in theory, is more_of_an incentive to encourage people to own_homes._In_practice