Prince Edward Island Property Tax Rates, 2026
Residential rates by city, with the change from 2025
In 2026, Charlottetown's residential property tax rate is 1.6700%: about $8,350 a year on a home assessed at $500,000.
Rates by city
| City | 2026 Rate | 2025 Rate | Change | Tax on $500,000 |
|---|---|---|---|---|
| Charlottetown | 1.6700% | 1.6700% | 0% | $8,350 |
Each rate is the total on a home's bill as a share of its assessed value: the city's own rate, any regional or county rate, and the education or school tax. Each city's page breaks it down and links to the city's published rates.
How homes are assessed in Prince Edward Island
Prince Edward Island reassesses homes every year, but an owner-occupied home is taxed on a capped value that rises only with inflation, at most 5% a year, until it is sold. The tax is the assessed value times the rate, so compare bills, not only rates, between provinces.
Work out your own numbers
- Property tax estimator: the tax on your home's assessed value
- Annual cost of ownership calculator: property tax with insurance, utilities and upkeep
- Understanding property taxes before you buy
- Income needed to buy a home in each city, with property tax in the monthly cost
Other provinces
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