Close

JD Irving to see property assessment increases for each of its four New Brunswick pulp, paper mills in 2023; company will pay about C$4.9M in provincial, municipal property taxes on pulp, paper, tissue mills in Saint John alone, up 19% in three years

Jan 30, 2023 Press Release 1 min read

Exclusive Industry Insights

By submitting, you agree to our Privacy Policy

Share this article:

January 30, 2023 (press release) –

J.D. Irving, Limited will see property assessment increases for each of its New Brunswick pulp and paper mills in 2023, following increases in both 2022 and 2021.  In 2023, approximately $4.9 million in provincial and municipal property taxes will be paid on pulp and paper mills located within Saint John alone, an increase of 19 per cent in three years.

Details related to these increases can be found below:

  • In 2021, J.D. Irving, Limited’s four pulp and paper mills saw their assessments increase by over 14.5 percent on average.
  • In both 2022 and 2023, assessments increased at each of these mills.
  • One of these mills, Irving Paper (Located on Bayside Drive, Saint John) requested a review of its significant property assessment increase in 2021. This appeal sought recognition of the ongoing state of decline in the North American paper markets due to economic conditions including consumers’ growing reliance on screens over paper. This market decline is still being felt by paper companies throughout North America with many mills already closed. Service New Brunswick gave consideration to changes impacting the pulp and paper industry and recently concluded that the assessment increase should be lowered.

New Brunswick pulp and paper mills continue to pay the highest property taxes per tonne in eastern Canada.

 

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistribute or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Stay Ahead of Changes

Don't Wait. Stay Informed.

The world and your industry are changing too fast. You need to know what's happening, and our Legislation Monitor can help. It's a critical resource for anyone who wants to stay ahead of regulatory and legal challenges. Then, discover the other ways that Industry Intelligence Inc. can help your business.

Cookie Preferences

This website uses cookies to enhance your browsing experience, analyze site performance, and deliver personalized content. We use a minimal cookie to remember your preferences. For detailed information about our cookie usage, please review our Privacy Policy.