Property Taxes and Charges

Installment dates for payment of property charges are May 31, August 31, and November 30 each year.

This section provides information for property owners on annual property tax bill charges.

Under the Real Property Tax Act and Real Property Tax Act Regulations the Province provides a centralized collection system for property taxation.  Annual property taxes and charges may include provincial property tax, municipal property tax, fire district charges and Island Waste Management (IWMC) charges.

The provincial real property tax rate for commercial and non-commercial property in the province is set at $1.50 for each $100 taxable value assessment.  Under the Provincial Tax Credit Program, residents of PEI may be eligible for a provincial tax credit of $0.50 per $100 of taxable value assessment on any non-commercial property that they own.  Each municipality and each fire district sets their own property tax rate in March of each year.  IWMC sets the rates for garbage collection in the province.

What is my municipal property tax rate?

For detail on municipal property tax rates across the province, please refer to View Municipal Tax Rates and Fire District Charges.

What are my fire district charges?

For detail on fire district charges across the province, please View Municipal Tax Rates and Fire District Charges.

What are the Waste Watch charges?

For detailed information on waste watch rates and services, please refer to the IWMC website.

How are my annual property taxes and charges calculated?

In this example, it is assumed that you qualify as a resident of Prince Edward Island, you own a non–commercial residential property in Charlottetown valued at $150,000 and the non-commercial municipal tax rate for Charlottetown is $0.67 per $100 of assessment.

Sample Annual Property Taxes and Charges Calculation
Type of Tax or Charge Dollar Amount
Taxable Value Assessment $150,000
Provincial property taxes ($150,000 / $100 x $1.50 $2,250
Less Provincial Tax Credit ($150,000 / $100 x $0.50 $750
Municipal property taxes ($150,000 / $100 x $0.67) $1,005
Island Waste Management Corporation charges $205
Annual Charges $2,710

When will I receive my property tax bill?

You will be sent a Statement of Account – Property Charges from Taxation and Property Records in early May of each year.  This statement will show the current year taxes and fees and any arrears balance.  The statement also provides installment amounts, dates and payment stubs.

If you are a property owner and you do not receive a property tax bill in May of each year, please refer to Owner Name and Mailing Address used for Property Tax Bills or contact Taxation and Property Records at (902) 368-4070.

Property owners are responsible to ensure that they receive their annual property tax bill and that payments are made on-time.

When are payments for property charges due?

Installment dates for payment of property charges are May 31, August 31, and November 30 each year.

How can I make payments?

You can make property charge payments using any of the following methods:

  • Pay by cheque, cash or debit at a bank or credit union
  • Pay by cheque, cash or debit at any Access PEI location
  • Pay on-line using internet banking offered by your bank or credit union
  • Send a cheque by mail addressed to: Province of Prince Edward Island, Department of Finance, PO Box 880, Charlottetown, PE  C1A 7M2
  • Drop off a cheque at the payment drop box or at the Taxation and Property Records front counter located at 95 Rochford Street, 1st Floor Shaw South, Charlottetown

What happens if I do not pay my property charges on time?

Property tax accounts in arrears will be charged one-and-a-half percent (1.5%) interest per month calculated on a daily basis.

If property taxes and charges are in arrears for 15 months or longer the property owner will receive a Notice of Liability to Tax Sale.  Information on the Notice of Liability to Tax Sale and its impact on the property owner can be found in the Property Tax Bulletin - Notice of Liability to Tax Sale Bulletin.

Can I get a refund of property taxes if I have a credit balance on my account?

If there is a credit on your Statement of Account – Property Charges you can:

  • Use the credit towards the next year’s property charges; or
  • Request a property tax refund by completing the Request for Property Tax Refund form and submitting it to Taxation and Property Records as directed on the form.

 

Disclaimer: This page is prepared for information purposes only, and should not be considered a substitute for the applicable statutes. Should there be any conflict between the contents of this page and the statutes, the statutes shall prevail.

 

Published date: 
December 9, 2016