Taxpayers in the City of Saint John could be looking forward to a bit of a break on their property taxes next for 2026.

The city’s finance committee voted Oct. 29 to recommend to council a budget that includes a 1.5-cent reduction on property taxes. The cut would bring the rate down to $1.535 per $100 of assessed value.

Property assessments would seea a slight decrease, with the assessed value falling by 1.5 cents per $100 of value. While modest, this change reflects subtle shifts in market conditions and valuation adjustments.

For property owners, the impact will likely be minimal — for example, a property assessed at $250,000 would see its taxable assessed value reduced by approximately $37.50.

This drop may signal a cooling trend in certain segments of the market or adjustments in assessment methodologies. Stakeholders are encouraged to review their property assessments and stay informed about local valuation trends.