Charlottetown Property Tax Rate 2026
The residential rate, what it is made of and what it costs on a home
Charlottetown's 2026 residential property tax rate is 1.6700% of assessed value, the same as in 2025. A home assessed at $500,000 pays about $8,350 a year, and one at $1,000,000 about $16,700.
What the rate is made of
| Part | Rate | On a $500,000 home |
|---|---|---|
| Municipal | 0.6700% | $3,350 |
| Provincial (after the resident credit) | 1.0000% | $5,000 |
| Total, 2026 | 1.6700% | $8,350 |
| Total, 2025 | 1.6700% | $8,350 |
In 2026 the Province raised its rate on homes to 1.70% and the credit for Island residents to 0.70% (1.50% less 0.50% in 2025), so a resident owner pays a net 1.00% to the Province in both years.
Property tax at different home values
| Assessed value | Tax a year | A month |
|---|---|---|
| $400,000 | $6,680 | $557 |
| $600,000 | $10,020 | $835 |
| $800,000 | $13,360 | $1,113 |
| $1,000,000 | $16,700 | $1,392 |
| $1,500,000 | $25,050 | $2,088 |
| $2,000,000 | $33,400 | $2,783 |
Prince Edward Island cities compared
| City | 2026 Rate | 2025 Rate | Change | Tax on $500,000 |
|---|---|---|---|---|
| Charlottetown | 1.6700% | 1.6700% | 0% | $8,350 |
All of them, with how assessment works in Prince Edward Island, on the Prince Edward Island property tax rates page.
Charlottetown Property Tax: Quick Answers
What is the property tax rate in Charlottetown?
1.6700% of assessed value for a home in 2026, as described below. It is made up of municipal (0.6700%) and Provincial (1.0000%).
How much is property tax on a house in Charlottetown?
About $8,350 a year on a home assessed at $500,000, $12,525 at $750,000 and $16,700 at $1,000,000.
How is property tax calculated in Charlottetown?
The city multiplies the home's assessed value by the rate: $500,000 × 1.6700% = $8,350. 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.
Did property tax go up in Charlottetown in 2026?
The rate did not change: it is 1.6700%, as in 2025. A bill also changes with the home's assessment.
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
Source: Charlottetown, 2026 tax rates; 2025 tax rates. Rates are for a residential home and include the school or education tax; flat fees on the same bill are not included.
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