Charlottetown Property Tax Calculator 2023
The City of Charlottetown is the capital city of Prince Edward Island and is located on the island's south side on Port Charlottetown. From 2016 to 2021, Charlottetown's population grew by 7.5%, and it now has over 38K residents. In August 2023, the average home price in Prince Edward Island was $391K, an increase of 1.7% from August 2022 and an increase of 141% from 10 years ago. The province has been experiencing a slowdown in the construction industry due to a shortage of construction workers and a probable lack of interest from investors. The province had estimated a requirement of 2,000 new builds in the province each year to keep up with the population growth; however, the number will likely be revised to a higher number.
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Charlottetown Property Taxes
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
| Residential Property Tax Rate for Charlottetown from 2010 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Provinical Rate | Final Tax Rate |
| 2023 | 0.670000% | 1.000000% | 1.670000% |
| 2022 | 0.670000% | 1.000000% | 1.670000% |
| 2021 | 0.670000% | 1.000000% | 1.670000% |
| 2020 | 0.670000% | 1.000000% | 1.670000% |
| 2019 | 0.670000% | 1.000000% | 1.670000% |
| 2018 | 0.670000% | 1.000000% | 1.670000% |
| 2017 | 0.670000% | 1.000000% | 1.670000% |
| 2016 | 0.670000% | 1.000000% | 1.670000% |
| 2015 | 0.670000% | 1.000000% | 1.670000% |
| 2014 | 0.670000% | 1.000000% | 1.670000% |
| 2013 | Not Available | Not Available | Not Available |
| 2012 | Not Available | Not Available | Not Available |
| 2011 | Not Available | Not Available | Not Available |
| 2010 | Not Available | Not Available | Not Available |
Charlottetown Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Charlottetown's property tax department through the following methods:
Charlottetown Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Charlottetown's property tax department through the following methods:
| Charlottetown at a Glance | |
|---|---|
| Province | Prince Edward Island |
| Settled Year | 1763 |
| Established Year | 1764 |
| Incorporated Year | 1855 |
| Population | 38,809 |
| City Area | 44.33 km 2 (17.1 sq mi) |
Property Taxes in Atlantic Canada for a $500K Assessed Value Home*
Property Assessments in Atlantic Canada
Properties in Atlantic Canada are assessed by different organizations for each province.
Nova Scotia
For Nova Scotia, properties are assessed by the Property Valuation Services Corporation which mails out property assessment notices every year in January.
New Brunswick
For New Brunswick, properties are assessed by the province through Service New Brunswick (SNB) which mails out property assessment notices every year in October.
Prince Edward Island (PEI)
For PEI, properties are assessed by the province which mails out property assessment notices along with the property tax bill every year in May.
Newfoundland and Labrador
For Newfoundland and Labrador, properties are assessed by the Municipal Assessment Agency which mails out property assessment notices every year before September.
Most properties are assessed using a market value-based approach. There are three ways that uses to determine a property’s market value:
- Direct Comparison Approach
- Cost Approach
- Income Approach
Residential properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.
Unique and rarely traded properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property minus depreciation due to age or other factors. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.
For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. This approach uses the income generated by the property as well as the sales price to determine its assessed value.
Property Taxes in Atlantic Canada for a $500K Fair Market Value Detached Home*
How We Calculate Your Property Tax
If you entered your home's Provinical Assessment value, we calculate your property tax by multiplying your Assessment value by Charlottetown's final property tax rate.
Property Tax of Other Cities in Atlantic Canada
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