Property tax rates on owner-occupied and non-owner-occupied residential properties are applied on a progressive scale. All other properties are taxed at 10% of the Annual Value.
On this page:Annual property tax is calculated by multiplying the Annual Value (AV) of the property with the Property Tax Rates that apply to you.
For example, if the AV of your property is $30,000 and your tax rate is 10%, you would pay $30,000 x 10% = $3,000 in property taxes.
Owner-occupied residential properties are condominiums, HDB flats or other residential properties where the owner lives in ("occupies") the property. Owner-occupied residential properties enjoy owner-occupier tax rates.
First $8,000
Next $47,000
First $55,000
Next $15,000
First $70,000
Next $15,000
First $85,000
Next $15,000
First $100,000
Next $15,000
First $115,000
Next $15,000
First $130,000
Above $130,000
First $8,000
Next $22,000
First $30,000
Next $10,000
First $40,000
Next $15,000
First $55,000
Next $15,000
First $70,000
Next $15,000
First $85,000
Next $15,000
First $100,000
Above $100,000
First $8,000
Next $22,000
First $30,000
Next $10,000
First $40,000
Next $15,000
First $55,000
Next $15,000
First $70,000
Next $15,000
First $85,000
Next $15,000
First $100,000
Above $100,000
Property tax payable
= $1,180
Property Tax Payable for 2023 = $1,180
Property tax payable
= $5,890
Property Tax Payable for 2023 = $5,890
Non-owner occupied residential properties are condominiums, HDB flats or other residential properties that the owner does not live in ("occupy"). Hence, owner-occupier tax rates do not apply.
The following tax rates apply to non-owner occupied properties except for those in the exclusion list.
First 30,000
Next $15,000
First $45,000
Next $15,000
First $60,000
Next $15,000
First $75,000
Next $15,000
First $90,000
Above $90,000
First 30,000
Next $15,000
First $45,000
Next $15,000
First 30,000
Next $15,000
First $45,000
Next $15,000
Residential properties on the exclusion list are taxed at 10%.
The property must have received planning approval for the above use. No application to IRAS is required.
Non-residential properties such as commercial and industrial buildings and land are taxed at 10% of the Annual Value. Owner-occupier tax rates do not apply to non-residential properties even if you have bought the properties for your own use/occupation.
Property tax payable
= $5,400
The owner-occupier tax rates are only granted to one property owned and occupied by you. For subsequent properties, you will be taxed at non-owner-occupier residential tax rates even if you are occupying it as your second home.
From your property tax notice and bill, the tax rate applied on the property is indicated in brackets as [Owner-Occupier Tax Rates] or [Non-owner-occupier Residential Tax Rates] under the "AV and Tax Rates" Column.
Alternatively, you can log in to mytax.iras.gov.sg with your Singpass > Property > View Property Summary.
The property may qualify for the property tax rates for residential properties as it is used primarily for residential purposes. However, you must satisfy the terms and conditions set out by URA or HDB for the home office scheme.
For landed houses used as childcare centres, approval for change of use must be obtained from URA. The tax rate is 10%.
The residential component will be subject to the property tax rates for residential properties while the commercial component will continue to be taxed at 10%.
Yes. Property tax is a tax on property ownership and applies whether the property is rented out, owner-occupied or vacant. It is different from income tax which is levied on the rental income earned from renting out the property. Hence, all property owners would have to pay property tax on their properties regardless whether it is occupied or not.
Vacant residential property will be taxed at the non-owner-occupier residential tax rates while vacant non-residential property will be taxed at 10% of the Annual Value. There is no tax relief/concession for vacant properties.
Let-out or rented residential properties are considered investment assets and are taxed at a higher rate than owner-occupied properties. The tax structure ensures that higher-value properties are subject to higher tax rates.
As opposed to income tax, which taxes the income received by a person, property tax is a wealth tax. It is not a tax on rental income. It is thus levied based on the value of your property, which represents part of your overall wealth. However, to encourage home ownership, you can enjoy a lower tax rate for your owner-occupied residential property.