Singapore Property Tax Calculator - Annual Property Tax
Property Tax Rates 2024
| Annual Value Range | Owner-Occupied | Non-Owner-Occupied |
|---|---|---|
| $0 - $8,000 | 0% | 12% |
| $8,001 - $55,000 | 4% | 12% |
| $55,001 - $75,000 | 6% | 12% |
| $75,001 - $100,000 | 8% | 12% |
| Above $200,000 | 16% | 12% |
Non-residential properties: Flat 10% rate
The Singapore Property Tax Calculator helps you calculate annual property tax based on your property's annual value. This calculator uses current IRAS rates and includes owner-occupier rebates for residential properties.
How to Use the Singapore Property Tax Calculator
Calculate your annual property tax with our comprehensive calculator:
- Enter Annual Value - Input your property's annual value as assessed by IRAS
- Select Property Type - Choose residential or non-residential
- Owner-Occupancy Status - Indicate if you live in the property
- Property Category - Select HDB, condo, landed, commercial, or industrial
- Calculate - Get detailed property tax breakdown with rebates
Understanding Annual Value (AV)
What is Annual Value?
- Definition: Estimated gross annual rent if property were to be rented out
- Assessment: Determined by IRAS based on market rental rates
- Review Cycle: Typically reviewed every 1-2 years
- Factors Considered: Location, size, age, amenities, market conditions
How IRAS Determines Annual Value:
- Rental Comparison: Similar properties in the area
- Market Analysis: Current rental market trends
- Property Features: Size, condition, facilities
- Location Premium: Proximity to amenities and transport
Property Tax Rates Structure
Residential Properties (Owner-Occupied):
- $0 - $8,000: 0% (No tax)
- $8,001 - $55,000: 4% on excess above $8,000
- $55,001 - $75,000: 6% on excess above $55,000
- $75,001 - $100,000: 8% on excess above $75,000
- $100,001 - $130,000: 10% on excess above $100,000
- $130,001 - $200,000: 12% on excess above $130,000
- Above $200,000: 16% on excess above $200,000
Residential Properties (Non-Owner-Occupied):
- All Annual Values: Flat 12% rate
- Investment Properties: No owner-occupier rebates
- Rental Properties: Higher tax burden
Non-Residential Properties:
- Commercial: Flat 10% rate
- Industrial: Flat 10% rate
- Mixed-Use: Proportional rates based on usage
Owner-Occupier Rebates
Eligible owner-occupied residential properties receive rebates:
- AV $0 - $21,000: Up to $600 rebate
- AV $21,001 - $33,000: Up to $300 rebate
- AV $33,001 - $55,000: Up to $100 rebate
- AV Above $55,000: No rebate
Property Tax by Property Type
HDB Flats:
- Typical AV Range: $6,000 - $30,000
- Average Tax: $0 - $880 annually
- Owner-Occupier Benefits: Full rebates available
- Special Considerations: Lower AV due to subsidized nature
Condominiums:
- Typical AV Range: $15,000 - $80,000
- Average Tax: $280 - $4,800 annually
- Facilities Premium: Higher AV due to amenities
- Location Factor: Prime areas command higher AV
Landed Properties:
- Typical AV Range: $30,000 - $200,000+
- Average Tax: $880 - $20,000+ annually
- Size Premium: Larger properties have higher AV
- Land Value: Significant component of AV
Property Tax Payment and Deadlines
Important dates and payment methods:
- Annual Deadline: 31 January each year
- Tax Bill Issuance: December of previous year
- GIRO Payment: Automatic deduction available
- Online Payment: Through IRAS website or mobile app
- Late Payment Penalty: 5% of outstanding amount
- Installment Plans: Available for amounts above $2,000
Property Tax Appeals
When to Appeal Annual Value:
- AV significantly higher than market rental
- Property condition not reflected in assessment
- Comparable properties have lower AV
- Major defects or issues affecting rental potential
Appeal Process:
- Timeline: Within 30 days of receiving notice
- Documentation: Rental evidence, property condition reports
- Review Board: Independent valuation review
- Outcome: AV may be reduced, maintained, or increased
Property Tax Planning Strategies
Optimize your property tax burden:
- Owner-Occupancy: Live in property to qualify for rebates
- Property Improvements: Consider impact on AV before renovating
- Rental Strategy: Understand tax implications of renting out
- Multiple Properties: Plan ownership structure carefully
- Timing of Purchase: Consider AV assessment cycles
- Appeal Rights: Monitor AV changes and appeal if necessary
Related Calculators
Explore our other Singapore property calculators:
- Singapore Stamp Duty Calculator - Calculate buyer's and seller's stamp duty
- Singapore Property Affordability Calculator - Determine buying capacity
- Singapore Rental Yield Calculator - Calculate investment returns
- Singapore Mortgage Calculator - Calculate loan payments
- Singapore HDB Loan Calculator - HDB financing options
Frequently Asked Questions
How is property tax calculated in Singapore?
Property tax is calculated based on the Annual Value (AV) of your property using progressive rates for owner-occupied residential properties and flat rates for others.
What is the difference between owner-occupied and non-owner-occupied rates?
Owner-occupied residential properties enjoy progressive rates (0-16%) and rebates, while non-owner-occupied properties pay a flat 12% rate.
Can I appeal my property's Annual Value?
Yes, you can appeal within 30 days of receiving the AV notice if you believe it's too high compared to market rental rates.
When is property tax due in Singapore?
Property tax is due annually by 31 January. Late payment incurs a 5% penalty on the outstanding amount.
Do I get rebates for owner-occupied properties?
Yes, owner-occupied residential properties with AV up to $55,000 are eligible for rebates ranging from $100 to $600.
About Singapore Property Tax
Singapore's property tax system is designed to be progressive for owner-occupied residential properties while ensuring fair taxation of investment and commercial properties. The system encourages home ownership through rebates and lower rates for owner-occupiers.
Our Singapore Property Tax Calculator uses the latest IRAS rates and rebate structures to provide accurate tax calculations. Whether you're a homeowner, investor, or considering a property purchase, this calculator helps you understand your annual tax obligations.
For the most current property tax rates and regulations, always refer to the official IRAS website or consult with qualified tax professionals in Singapore.