Charlottetown Property Tax 2026 — Mill Rate 1.6700%
Prince Edward Island · annual residential property tax · municipal levy (separate from CRA income tax)
Quick answer — annual property tax on a $380,000 home
$6,346 /year
≈ $529/month escrow · mill rate 1.6700%
Prince Edward Island's capital. Charlottetown residents pay PEI provincial tax plus federal tax under the same rules as the rest of the province.
Annual property tax by home value in Charlottetown
| Home value | Annual tax | Monthly escrow |
|---|---|---|
| $500,000 | $8,350 | $696 |
| $750,000 | $12,525 | $1,044 |
| $1,000,000 | $16,700 | $1,392 |
| $1,500,000 | $25,050 | $2,088 |
| $2,000,000 | $33,400 | $2,783 |
| $3,000,000 | $50,100 | $4,175 |
Related calculators for Charlottetown
Buying in Charlottetown? Use the Land Transfer Tax calculator for the one-time purchase tax. Comparing salaries? Check Charlottetown take-home pay. Or browse all city property tax pages.
Note: Source year 2025 final; combines municipal and provincial residential portions for owner-occupied.
Frequently asked questions
What is Charlottetown's 2026 property tax rate?
Charlottetown's 2026 residential mill rate is 1.6700% (0.01670000 as a decimal). On a $380,000 home this works out to $6,346 per year, or roughly $529 per month if your lender holds the tax in escrow. Source: https://www.charlottetown.ca/cms/one.aspx?portalId=14478630&pageId=15211641, last verified 2026-04-29.
When are Charlottetown property taxes due?
Charlottetown bills property taxes annually, typically with two or four installments through the year. Exact due dates vary by city — check https://www.charlottetown.ca/cms/one.aspx?portalId=14478630&pageId=15211641 for the current schedule. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's lump-sum due date.
How is my Charlottetown home assessed?
Your tax is calculated as assessed value × mill rate, not market value × mill rate. Prince Edward Island uses a public assessment authority (BC Assessment, MPAC in Ontario, etc.) to set assessed values, usually updated every 1-4 years. Assessed value typically lags market value, so the same mill rate produces different effective burdens depending on assessment cycle timing.
Are Charlottetown property taxes deductible on my income tax return?
Property tax on your principal residence is NOT deductible federally or provincially. It only becomes deductible when the property generates rental income (line 9180 on T776) or self-employed business income (CCA / business-use-of-home on T2125). For a principal residence, the tax is a non-deductible cost of ownership.
Why does Charlottetown's mill rate differ from neighbouring cities?
Each Canadian municipality sets its own residential mill rate to fund local services — police, fire, transit, parks, road maintenance — plus a provincially-set education portion. Cities with higher assessed values can raise the same revenue at a lower mill rate (Vancouver, Toronto), while cities with lower assessed values often need higher rates to fund equivalent services. Compare Charlottetown with other Prince Edward Island cities in the table above.
Source: https://www.charlottetown.ca/cms/one.aspx?portalId=14478630&pageId=15211641 · Last verified 2026-04-29