The province has extended the Rental Unit Property Tax Subsidy to help support landlords cover their increased costs without raising rents for Islanders. Since launching in January, 1,017 properties have been approved for the subsidy. “We do not want to see Islanders having to...
A property tax statement is needed to pay taxes. The annual statement of property tax charges is sent in early May with payment installments due each May 31, August 31 and November 30. If you did not receive your statement or require a copy for your records, you can request a copy using the online form below. What do I need to complete this online form? You must be the property owner, or a person authorized by the property owner. On this form, you will be asked to provide: Your civic address (This will be used to verify your account); The Property Identification number (PID); The start date...
More Island seniors are now eligible for the Seniors Property Tax Deferral Program due to an increase in the income threshold. The program lowers the cost of living for qualifying seniors by deferring the payment of property taxes on their principal residence. The provincial...
This section provides information on eligibility for a waiver of Real Property Transfer Tax where the transfer of real property is as a result of a marriage breakdown. What is the Real Property Transfer Tax marriage breakdown exemption? Real Property Transfer Tax that normally...
This section provides information for property owners on the owner name and address used within the property tax system and highlights the importance of keeping Taxation and Property Records informed of address changes. What name is used for setting up my property tax account...
This section provides information on eligibility for a waiver of Real Property Transfer Tax where a person transfers real property to a corporation that the person wholly owns; or a corporation transfers real property to another corporation and both corporations are wholly owned...
The Province will lower the interest rate on overdue property taxes, which had been announced in the 2021-2022 Operating Budget, to help reduce the financial burden for Island property owners. The rate will be adjusted from 1.5% per month to match the median Atlantic Canadian...
This section provides information on eligibility for a waiver of Real Property Transfer Tax where the real property is being purchased by first-time home buyers. What is the Real Property Transfer Tax first-time home buyers exemption? Real Property Transfer Tax that normally...
This section provides information on eligibility for a waiver of Real Property Transfer Tax where the recipient(s) of the real property are all members of the family of the person making the transfer of real property. What is the Real Property Transfer Tax inter-family transfer...
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...