Prince Edward Island Property Tax Rates
How Prince Edward Island's assessment and property-tax system works, the local tax calendar, and how rates are structured. City-level rates for Prince Edward Island are being added to the database.
Assessment basis
Per $100
rate per $100 of value
Province
Prince Edward Island
Canadian province
City rates
Coming soon
municipalities being added
How property tax works in Prince Edward Island
Prince Edward Island stacks a provincial real property tax (set at $1.70 per $100 for non-commercial and $1.50 for commercial) with each municipality's own rate. Owner-occupied residents can claim a $0.70 per $100 provincial credit, and increases on owner-occupied assessments are capped. Rates are shown here as mill-equivalents (per $100 times 10).
The province assesses all property and mails the assessment notice together with the tax bill each May. Each municipality and fire district sets its own rate in March. A provincial real property tax (with an owner-occupied credit) applies on top of the municipal rate, and the province bills and collects. Your annual tax is roughly assessed value ÷ 100 × the rate per $100. On MillRate.ca that rate is shown as a mill-equivalent (the per-$100 rate × 10), so you can also use assessed value × mill-equivalent ÷ 1,000 in the
True Cost Calculator.
Prince Edward Island property tax rates by city
We're adding Prince Edward Island municipal rates (rates per $100 of assessed value (shown here as mill-equivalents)). In the meantime you can estimate any property with the True Cost Calculator using your municipality's published rate.
Major Prince Edward Island municipalities are being added to MillRate.ca. Check back soon, or use the
True Cost Calculator and review the
Key Dates below.
Prince Edward Island key dates
Assessment and payment timing follows this general pattern in Prince Edward Island.
| When | What happens |
|---|
| March | Municipal rates set — Each municipality and fire district sets its property tax rate for the year. |
| May | Assessment notice & tax bill — The province mails the combined assessment notice and tax bill, payable in instalments. |
| ~90 days after notice | Assessment appeal deadline — Referrals and appeals of the assessment are generally filed within about 90 days of the notice; the exact date is on your notice. |
| Ongoing | Owner-occupied credit — PEI residents can claim a provincial tax credit of $0.70 per $100 on owner-occupied non-commercial property, and increases on those assessments are capped. |
See the full breakdown on the Key Dates page.
Prince Edward Island property tax FAQ
How does property tax work in Prince Edward Island?
Prince Edward Island stacks a provincial real property tax (set at $1.70 per $100 for non-commercial and $1.50 for commercial) with each municipality's own rate. Owner-occupied residents can claim a $0.70 per $100 provincial credit, and increases on owner-occupied assessments are capped. Rates are shown here as mill-equivalents (per $100 times 10).
How are properties assessed in Prince Edward Island?
The province assesses all property and mails the assessment notice together with the tax bill each May. Each municipality and fire district sets its own rate in March. A provincial real property tax (with an owner-occupied credit) applies on top of the municipal rate, and the province bills and collects.
When are Prince Edward Island property taxes due?
Prince Edward Island property taxes are billed by the province in May, combining a provincial rate with the municipal rate, payable in instalments. Exact dates are printed on your assessment or tax notice.
Does Prince Edward Island use mill rates?
No. Prince Edward Island quotes rates per $100 of assessed value. For easy comparison with other provinces, MillRate.ca converts them to mill-equivalents by multiplying by 10, so a rate of $1.50 per $100 shows as 15.0 mills.
MillRate.ca aggregates publicly available municipal property tax rates for information only and is not affiliated with any municipality or assessment authority. Prince Edward Island city rates are being added; always verify current rates with the relevant municipality or assessment authority before making financial decisions.