This Act concerns the expropriation of land for any purpose relative to the use, construction, maintenance or repair of public works. The Act also regulates access to land for the purpose of constructing or maintaining public works (sect. 3). The Act defines the procedure for expropriation and related registration requirements (sect. 7). Under section 11, compensation is foreseen for any damages resulting from the exercise of the powers conferred by the Act.

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)