PEI Property Tax Savings Calculator

Prince Edward Island caps how fast your home's taxable value can rise while you own it, and resets it to full market value the moment it sells, so two owners of the identical house can end up with very different tax bills depending on when they bought. I built this so you can see the gap for your own home, everything you need is already sitting on your tax bill.

How this is calculated

Your Taxable Value Assessment is capped, it can only rise a limited amount each year while you own the home no matter how much it's actually worth, while a buyer purchasing an equivalent home today gets taxed close to its full Market Value Assessment right away. Comparing the two shows how much lower your bill is because of how long you've owned the place, not because of anything about the home itself.

I built it to work off your own numbers directly: take your current tax, divide by your TVA to get your real effective rate, then apply that rate to your MVA to estimate what a new buyer would pay for the same home. The gap between that number and what you actually pay is your savings. Because it's all pulled from your own bill, it works no matter which PEI municipality you're in, you don't need your purchase price, when you bought, or anything else.

This is an estimate, not your actual bill. It assumes your MVA and TVA are both current, and that you're taxed as an owner-occupied primary residence under PEI's standard assessment cap.