New Brunswick property tax for multifamily

[Vlad Grigorayeb]

Hi Folks :)

I am entering the NB multifamily market from Ontario. When running my numbers on potential deals I've been stumbling to estimate the property tax into the near future. Based on my limited knowledge, property tax in NB is calculated using assessed value as well as sale price (in Ontario it is predominantly based on assessed value) any insights would be truely appreciated :) Then there is the double tax for non owner occupied properties. Is it as simple as doubling the tax amount when it is an investment property or is it an additional tax that is calculated differently?

Thank you in advance for any feedback :)