Property tax assessments go up two per cent

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Islanders will notice when they check the mail this week that their property tax assessment has gone up two per cent.

Finance Minister Wes Sheridan says the two per cent hike reflects the Consumer Price Index (CPI), which has also risen.

Sheridan said seven years ago when the Robert Ghiz government took office they decided to put a three-year freeze in place to "make sure that we've got to the very science of how we could adjust the property tax each and every year''.

The finance minister said for those three years plus one more there was no growth in the cost of living index.

"We studied this issue and the tax department came back with a very good fix. It is now linked to CPI that reflects very much the growth and the value of your home,'' Sheridan said during question period in the legislature.

People can now pay their property tax bills online in three supplements between now and the end of November.

There is also the possibility in the near future that those property tax bills will be delivered to Island residents online, saving the province thousands of dollars in postage stamps.

The government's website will be undergoing a web renewal over the next 18 months, updating a number of platforms.

"One of the first projects I would expect, due to the savings that could be accumulated by having our property taxes delivered online, is to put our eFix out there for property taxes. I know the tax department has been working on this, building an account very much like the banking institutions do that would allow us to do something like this.''

Sheridan didn't give a time frame but said he expects his department would be among the first to put them online.

Geographic location: Iceland

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Recent comments

  • HOW
    May 12, 2014 - 11:17

    Okay Wes, Try and explain how you are going to force all property owners to get computers in order to receive their inflated Property Tax Assessments on line. Last time I checked Canada was still are free country, I haven't checked if PEI is lately.