Many NB tax bills re-issued with reduction, Service NB says

Most New Brunswick property owners who had an "arbitrary formula" applied to their tax bills have seen their bills drop.

Service New Brunswick says 93 per cent of the tax bills re-issued so far dropped, one per cent increased, and the rest stayed the same.

Meanwhile, SNB says it's received over 16,000 requests for review of property tax assessments, and it could take until early next year to process all of them.