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 general information on Real Property Transfer Tax including legislative authority, applicability, rate and payment requirements. What is Real Property Transfer Tax? The purchaser of real property on Prince Edward Island must file an Affidavit of Purchaser...
The Government of Prince Edward Island is providing a one-time subsidy to offset the increase in 2022 provincial residential tax due to the 2021 Consumer Price Index (CPI). The Property Tax Subsidy will be administered through the Provincial Taxation Office and will provide a one...
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...
The Government of Prince Edward Island is delivering a property tax initiative that will provide a one-time subsidy to offset the 2023 property tax increase and further support Islanders with the cost of living. Similar to the 2022 property tax initiative, the 2023 Property Tax...
1. Agreement The Subscriber is deemed to have accepted the terms and conditions set out herein, which form the contract between the Government of PEI, Department of Finance, Taxation and Property records Division (“Taxation and Property Records”), and the Subscriber in respect to...
The Closing Cost Support Program assists Prince Edward Islanders of low and modest incomes with financial assistance to cover a portion of the closing costs on the purchase of their first home. Eligible applicants can apply to receive a contribution of up to $2,500 to support the closing costs of the purchase. Apply using the online form below. Am I eligible for closing cost assistance for my first house? For an applicant to be eligible for assistance, the following criteria must be met: At least one of the Applicants is a citizen or permanent resident of Canada and the Applicant is a resident...