Government of Prince Edward Island (Canada)
The present Regulations are made under the Real Property Assessment Act. In particular, the Regulation lays down detailed provisions relating to the enforcement of the afore-mentioned Act in the Province. For the purpose of the present Regulation, “assessment list” means a list of all properties in a municipality and such assessment list shall contain all of the information described in clause b) in relation to those properties and the number of the municipality.
The present Act provides for a centralized assessment system for real property taxation. In particular, for property tax purposes, the Taxation and Property Records Division of the Department of Finance, Energy and Municipal Affairs assesses the value of all real property within the Province. Taxing authorities use property assessments to determine the tax rates needed to raise the revenue required to pay for public services. Taxation and Property Records sends property owners a Statement of Account - Property Charges that shows assessed values and the applicable charges.
The present Regulations are made under the Real Property Tax Act. In particular, the Regulation lays down detailed provisions relating to the enforcement of the afore-mentioned Act in the Province. Section 5 deals with special real property tax levied under clause 12(5) of the Act and establishes that it shall be levied at the same rate as the rate levied pursuant to the Act for the taxation year in which the improvements were made. The text consists of 27 sections.
Implements: Real Property Tax Act (R.S.P.E.I. 1988, c. R-5). (2016-08-30)
The present Act provides for a centralized assessment system for real property taxation. In particular, for property tax purposes, the Taxation and Property Records Division of the Department of Finance, Energy and Municipal Affairs assesses the value of all real property within the Province. Taxing authorities use property assessments to determine the tax rates needed to raise the revenue required to pay for public services. Taxation and Property Records sends property owners a Statement of Account - Property Charges that shows assessed values and the applicable charges.
The present Regulations are made under the Prince Edward Island Lands Protection Act. In particular, the Regulations lay down provisions relating to different cases to which tax exemption applies. For example, section 28 lists companies eligible for such an exemption. The text consists of 35 sections.
Implements: Prince Edward Island Land Protection Act (R.S.P.E.I. 1988, c. L-5). (2016-05-13)
