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PEI property tax starts with a provincial rate of $1.70 for every $100 of assessed value on non-commercial property. Owners who get the provincial tax credit knock $0.70 off that, which leaves $1.00 per $100. On a $250,000 assessment that comes to $2,500 a year, before any charges your own municipality adds.
What are the PEI property tax rates?
The province sets one rate for homes and other non-commercial property and a lower one for commercial property. The credit is what most homeowners actually feel, so look at it first.
| Item | Amount |
|---|---|
| Provincial rate, non-commercial property | $1.70 per $100 of assessed value |
| Provincial rate, commercial property | $1.50 per $100 of assessed value |
| Provincial tax credit for eligible owners | $0.70 per $100 of assessed value |
| Rate after the credit | $1.00 per $100 |
| Payment dates | May 31, August 31 and November 30 |
The statement arrives in early May. Nothing here includes municipal tax, water or sewer charges, which your town or community sets on its own.
How much is the bill on a $250,000 assessment?
Multiply the assessed value by the rate, then subtract the credit. Plug it into the property tax calculator by entering a rate of 1.7% and a credit of $1,750, which is 0.70% of the value. The result is $4,250 at the full rate and $2,500 after the credit.
Here’s how the same maths plays out on other assessments.
| Assessed value | At $1.70 per $100 | At $1.00 per $100 |
|---|---|---|
| $180,000 | $3,060 | $1,800 |
| $250,000 | $4,250 | $2,500 |
| $400,000 | $6,800 | $4,000 |
Divide by three if you want the size of each instalment. On the $250,000 case that’s about $833 each time, though the province sends the real amounts on your statement.
Why doesn’t my bill match the estimate?
A few things cause most of the gap.
First, the assessment isn’t the price you’d get on the market. It’s set on a fixed date, so a house that sold for a lot more than last year’s assessment can still be taxed on the older number. Second, the credit goes to eligible owners, and the province has a request form for it. If your bill shows $1.70 and you think you qualify, ask. We couldn’t confirm the full eligibility rules, so read the province’s page before you rely on the discount.
Third, municipal tax sits on top. Some places charge their own rate, others don’t, and we didn’t find one official table that covers every community. Check the property charge rates page of the province, or call your town office.
Fourth, a bill for part of a year is different. If you bought or sold mid-year, the calculator’s months field gives you a rough split, but your lawyer’s statement of adjustments is what counts on closing day.
What if you’re buying on the Island?
The yearly tax is only part of the cost. You’ll also pay a transfer tax and legal fees when the deal closes. The closing costs calculator gives a planning figure. For the transfer tax itself, try the land transfer tax calculator, but we couldn’t confirm every PEI threshold on an official page, so treat that number as an estimate.
If you’re still working out what you can carry, the mortgage affordability calculator is worth a few minutes. Property tax counts as a housing cost when lenders size your loan, and a $2,500 bill adds about $208 a month.
What could change the numbers?
Provincial rates can move with each budget. The figures above are what the Government of PEI showed in September 2026. We didn’t find anything announcing a change, but we also can’t see next year’s budget. Appeals of an assessment have their own deadline, and we couldn’t confirm it, so the date on your assessment notice is the one to trust.
Seniors and low-income owners sometimes have deferral or relief programs. We found no official figures we could check, so we’re leaving the details out.
Where the numbers come from
The rates, the credit and the payment dates come from the Government of PEI’s property taxes and charges pages, read in September 2026, and from the province’s Real Property Tax Act. The calculator does the arithmetic. This site isn’t connected with any government.
Frequently asked questions
What is the PEI property tax rate?
The provincial rate is $1.70 per $100 of assessed value on non-commercial property and $1.50 on commercial property. Municipalities may add their own charges.
What is the PEI provincial tax credit?
Eligible owners get $0.70 off each $100 of assessed value, which brings the rate to $1.00 per $100. Check the province's page for who qualifies.
When is PEI property tax due?
The statement comes in early May. Payments are due May 31, August 31 and November 30.
Is my assessment the same as my market value?
No. The assessment is set on a fixed date and can lag the market, so it may differ from what a buyer would pay.
How much is the tax on a $250,000 assessment?
It's $4,250 at $1.70 per $100 and $2,500 after the $0.70 credit, before municipal charges.
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Information only. This page is general information, not tax, legal or accounting advice. Tax-Services.ca is an independent publisher: we don't prepare or file tax returns or offer tax services, and we have no connection with the CRA, Revenu Québec, any government or any company named on this page. Check the figures that matter with an official source or a qualified professional.