Acts and Regulations

2013-16 - Real Property Tax Act

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NEW BRUNSWICK
REGULATION 2013-16
under the
Real Property Tax Act
(O.C. 2013-42)
Filed February 11, 2013
1Paragraph 3(3)(n) of New Brunswick Regulation 84-210 under the Real Property Tax Act is repealed.
2Section 7 of the Regulation is amended by striking out “discount and penalty” and substituting “penalties”.
3The Regulation is amended by adding after section 7 the following:
7.1(1)An application referred to in subsection 10.1(1) of the Act for a given year shall be made on or before May 31 of that year.
7.1(2)The monthly payments referred to in subsection 10.1(3) of the Act shall be withdrawn from March of the year for which the taxes were imposed to February of the next year, inclusive.
7.1(3)The circumstances for the purposes of paragraph 10.1(6)(d) of the Act are as follows:
(a) there is a transfer or deed of confirmation, rectification or modification;
(b) a person transfers real property to himself or herself for the purpose of consolidation;
(c) a person transfers real property to himself or herself for the purpose of subdividing the property;
(d) easements, rights, liberties or privileges are registered;
(e) the real property is transferred
(i) from an executor or administrator to beneficiaries under a will, or
(ii) from an administrator to heirs under intestacy;
(f) there is a transfer or deed by which joint tenants become tenants in common or tenants in common become joint tenants; and
(g) marital property as defined in the Marital Property Act is transferred by
(i) a married person to his or her spouse,
(ii) a married person to himself or herself and his or her spouse, or
(iii) persons married to each other to one of such persons.
4Section 3 of this Regulation shall be deemed to have come into force on January 1, 2013.