New Brunswick land transfer tax
New Brunswick's Real Property Transfer Tax is a flat 1% charged when property changes hands, based on the greater of the purchase price or the assessed value. The buyer pays it at closing. Estimate yours below.
Quick answerNew Brunswick charges a flat 1% real property transfer tax on the greater of the purchase price or the assessed value. On a $700,000 home that's about $7,000. There's no first-time buyer rebate. This is an estimate — verify with your lawyer.
New Brunswick LTT calculator
estimate
Note: the tax is 1% of the greater of the purchase price or the property's assessed value (set by Service New Brunswick). Enter whichever is higher.
Estimated NB transfer tax
$0
Real property transfer tax at the flat 1% rate.
Estimate only — not legal or financial advice. Based on the flat 1% rate; the actual base is the greater of price or assessed value. Verify with your lawyer or Service New Brunswick before closing.
New Brunswick transfer tax rate (2026)
| Base | Rate |
|---|
| Greater of purchase price or assessed value | 1.0% |
Flat 1% since April 1, 2016 (doubled from 0.5%). Still 1% in 2026. Governed by the Real Property Transfer Tax Act.
FAQ
How much is land transfer tax in New Brunswick?
A flat 1% of the greater of the purchase price or the assessed value. On a $700,000 home that is about $7,000.
What is the tax based on?
The greater of the consideration (purchase price) or the property's assessed value as set by Service New Brunswick.
Does New Brunswick have a first-time buyer rebate?
No. There is no provincial first-time buyer rebate for the real property transfer tax.
When do I pay it?
At closing, when the deed is registered. It is a cash cost that cannot be added to your mortgage.
Is this calculator exact?
No. It is an estimate at the 1% rate; the base is the greater of price or assessed value. Confirm with your lawyer.
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