This section provides information for property owners on the determination of a market value for all real property in the province. Property assessment forms the basis for the collection of provincial and municipal property taxes. Property assessment refers to the determination...
This section provides links to the standard forms used in the administration of Property Assessment and Property Tax. Affidavit of Purchaser Application for Bona Fide Farmer Status Property Assessment Application for Farm Building Assessment Review Application for Farm Use...
This section provides information for property owners on how to request a property assessment review. What do I do if I think my property assessment is wrong and I have questions? If you have questions or would like to discuss the property assessment value assigned to your...
This section provides an overview of the key components of Property Assessment and Property Tax in Prince Edward Island. Property Assessment forms the basis for the collection of provincial and municipal property tax in Prince Edward Island. If you disagree with the property...
The Prince Edward Island Real Property Tax Act came into effect on January 1, 1972. This publication is an historical summary of the commercial and non-commercial property tax rates per $100 of assessment.
The Farm Use Assessment Program provides tax relief to resident and non-resident farmland owners who have property leased to bona fide farmers.
The Bona Fide Farmer Status program provides tax relief to bona fide farmers by providing farm assessment on land used in the farm enterprise. If you are interested in this program, you may also wish to apply for a Marked Gasoline and Marked Diesel Oil Permit.
This section provides information on eligibility for a waiver of Real Property Transfer Tax where the real property is transferred at a cost that does not exceed $30,000. What is the Real Property Transfer Tax low-cost real property exemption? Real Property Transfer Tax that...
This section provides information on property tax credit programs available to eligible PEI property owners. What property tax credit programs are available? You may be eligible to apply for one or more of the following property tax credit programs: Provincial Tax Credit Program...
In 2022 and 2023, the Government of PEI applied subsidies to owner-occupied property tax accounts to offset inflationary provincial tax increases for Islanders. Now, in 2024 the Government of PEI is providing the Owner-Occupied Residential Property Tax Credit. Without this new...