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Property Tax History

The Prince Edward Island Real Property Tax Act came into effect on January 1, 1972. The following is an historical summary of the commercial and non-commercial property tax rates per $100 of assessment.

Year Commercial Non-Commercial
January 1, 2008 The provincial residential non-commercial tax credit was amended to 50 cents per $100.00 of assessment for all permanent residents of the province.
January 1, 1995 The provincial residential non-commercial tax credit was amended to reflect the requirements of municipal amalgamation as follows:

(A) On properties located in the City of Charlottetown, the credit is $1.16 per $100.00 of assessment

(B) On properties located in the City of Summerside the credit is $1.46 per $100.00 of assessment

(C) On properties located in the Town of Cornwall and the Town of Stratford the credit is 70 cents per $100.00 of assessment

(D) On properties located in a municipality other than those mentioned above and that provides its own police protection the credit is 60 cents per $100.00 of assessment

(E) On properties other than those in (A), (B), (C), and (D) the credit is 50 cents per $100.00 of assessment
April 1, 1993 The provincial residential tax credit on non-commercial property is reduced as follows:

(A) On properties within the municipalities of Charlottetown and Summerside, by 5 cents from 75 cents to 70 cents

(B) On properties within the municipalities of Alberton, Borden, Kensington, Montague, Parkdale, Souris, O’Leary, Sherwood, St. Eleanors and Tignish, by 15 cents from 75 cents to 60 cents

(C) On all other properties in the province by 25 cents from 75 cents to 50 cents
January 1, 1991 The residential tax credit of 10 cents per $100.00 of assessment was removed
1987 A Provincial Tax Credit of 75 cents per $100.00 for non-commercial assessment was established for all permanent residents of the province
January 1, 1987 $1.50 $1.50
1980 A residential tax credit of 10 cents per $100.00 of non-commercial assessment was instituted
January 1, 1975 $1.50 $0.75
January 1, 1974 $0.75 $0.75
January 1, 1973 $1.00 $1.00
January 1, 1972 $0.55 $0.55

Please note:
This page is prepared for information purposes only, and should not be considered a substitute for the applicable statutes. Should there be any conflict between the contents of this page and the statutes, the statutes shall prevail.

 

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