Cornwall, PEI Property Tax Rate 2026
The residential rate, the taxes that add up to it, and a calculator for your home
Cornwall, PEI's 2026 residential property tax rate is 1.4600% of assessed value, the same as in 2025. A home assessed at $500,000 pays about $7,300 a year, and one at $1,000,000 about $14,600. It is the lowest of the 4 Prince Edward Island cities and towns we cover; their median rate is 1.5900%.
Cornwall, PEI property tax calculator
The value on your notice. An owner-occupied home is taxed on a capped value until it is sold.
The tax is the assessed value times Cornwall, PEI's 2026 rate of 1.4600%. Flat charges on the same bill, such as water or garbage fees, are not included.
Property tax in 2026
$7,300/yr
$608 a month
At the 2025 rate (1.4600%), the same value paid $7,300: the same than in 2026.
How the rate adds up
A home in Cornwall, PEI pays two separate property taxes on the same bill, each set by a different government or for a different purpose. Each is a percentage of the home's assessed value; added together, they make the 1.4600% rate.
| Tax | Rate | Tax per year on $500,000 |
|---|---|---|
| Municipal | 0.4600% | $2,300 |
| Provincial (after the resident credit) | 1.0000% | $5,000 |
| Total in 2026 | 1.4600% | $7,300 |
| Total in 2025 | 1.4600% | $7,300 |
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 per year | Tax per month |
|---|---|---|
| $400,000 | $5,840 | $487 |
| $600,000 | $8,760 | $730 |
| $800,000 | $11,680 | $973 |
| $1,000,000 | $14,600 | $1,217 |
| $1,500,000 | $21,900 | $1,825 |
| $2,000,000 | $29,200 | $2,433 |
Prince Edward Island cities and towns compared
| Cornwall, PEI | 1.4600% | 1.4600% | 0% | $7,300 |
| Stratford | 1.5100% | 1.4900% | +1.3% | $7,550 |
| Charlottetown | 1.6700% | 1.6700% | 0% | $8,350 |
| Summerside | 1.7400% | 1.7400% | 0% | $8,700 |
How homes are assessed in Prince Edward Island, with the same table, is on the Prince Edward Island property tax rates page.
Cornwall, PEI Property Tax: Quick Answers
What is the property tax rate in Cornwall, PEI?
In 2026, it is 1.4600% of a home's assessed value. It adds up two taxes: municipal (0.4600%) and provincial (1.0000%). 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.
How much is property tax on a house in Cornwall, PEI?
About $7,300 a year on a home assessed at $500,000, $10,950 at $750,000 and $14,600 at $1,000,000.
How is property tax calculated in Cornwall, PEI?
The tax is the home's assessed value times the rate: $500,000 × 1.4600% = $7,300. 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 Cornwall, PEI in 2026?
The rate did not change: it is 1.4600%, 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: Cornwall, PEI, 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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