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 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...
Effective April 1, 2013, the Province has harmonized its sales tax with the federal goods and services tax.
A provincial tax credit may be applied to the provincial portion of property tax on non-commercial property. Currently, the provincial tax credit is $0.50 per $100 of taxable valuable assessment. Who is eligible? You may qualify for the provincial tax credit if you: are the sole...
The farm building assessment program provides owners of farm properties with tax relief for farm buildings that are no longer used for the reason for which they were originally constructed, converted to an alternate use, or vacated. Who is eligible? Any property owner with farm...
An amendment to the Real Property Tax Act provides for municipalities to be reimbursed for outstanding sewer and water charges from the proceeds of a property tax sale.
This Guide provides general descriptions of the temporary recapture of input tax credits (RITC) requirement that will apply as a result of the introduction of the Harmonized Sales Tax (HST) in Prince Edward Island (PEI). The RITC requirement will be proposed to be implem
This notice is prepared to assist vendors registered under the Environment Tax Act to meet their obligations in relation to the collection and remittance of environment tax.
Transitional rules are required to determine which tax rate will apply to transactions that straddle the October 1 implementation date.
The definition of a “new tire” was revised in June 1992. The revised definition of a "new tire” states that a tire is considered to be new until after its first purchase at a retail sale in the province.