How to read your annual bill and valuation notice

1. Annual Property Tax Bill
2. Valuation Notices 

1. Annual Property Tax Bill 

Property tax is payable yearly in advance. At the end of each year, IRAS will send you the property tax bill for the following year. Owners who have opted for GIRO payment will receive their instalment deduction plan with their property tax bills. Otherwise, they will receive a payment voucher.

1a. Sample Annual Property Tax Bill with Annual Value Revision for a Residential Property
1b. Sample Annual Property Tax Bill for a Residential Property
1c. Sample Annual Property Tax Bill for a Non-Residential Property 

1a. Sample Annual Property Tax Bill  with Annual Value Revision for a Residential Property

This is a sample property tax bill showing the revised Annual Value (AV) of the property and where the owner is not paying by GIRO.

1. Notice under Section 20(1) is to inform you of the latest Annual Value(AV) proposed by the Chief Assessor.
2. If you are filing an objection to the AV, you are required to enter this Notice No. in the Notice of Objection form.
3. This is the proposed AV of your property. Please divide by 12 to derive the estimated monthly market rent for your property.
4. This is the effective date of the proposed AV.
5. Property Tax is payable at a rate of 10% per year. For owner-occupied residential properties, the progressive property tax rates apply with effect from 1 Jan 2011: First $6,000 AV @ 0%, Next $59,000 @ 4%, AV exceeding $65,000 @ 6%. If your property is granted with the owner-occupier’s tax rates, you will see an indicator [Owner-Occupier].
6. This is the property tax you need to pay for the following year.
7. This amount shows the tax balance before the issuance of this bill which must be paid by the due date of the prior notice.
8. This is the new tax position after the issuance of this bill.
9. This is the payment due date. The property tax outstanding is payable regardless of whether you have filed any claims or objections to the tax payable.
10. This is the 14-digit payment voucher number when making payment via Internet banking, AXS or SAM or you may scan the barcode on the payment voucher when making payment via AXS or SAM.
11. These are the 3 easy modes to sign up for GIRO.

1. These are the 3 easy ways to sign up for GIRO.
2. To apply GIRO using DBS/POSB, UOB, OCBC and HSBC account, please complete this portion and mail the original document to IRAS.
3. These are the other available modes of payment.
4. You need to enter the 14-digit payment voucher number when making payment via Internet banking, AXS or SAM or you may scan the barcode when making payment via AXS or SAM.
5. This is the amount that you need to pay.  
6. This is the mailing address for cheque payments.  Please write the payment voucher number on the reverse side of the cheque or attach this payment voucher.

1b. Sample Annual Property Tax Bill  for a Residential Property

This is a sample property tax bill for a residential property. The owner is paying by GIRO, hence, the bill includes a GIRO instalment deduction plan.

1.  This amount shows zero tax balance before the issuance of this bill.
2. This is the Annual Value (AV) of your property.
3. Property Tax is payable at a rate of 10% per year. For owner-occupied residential properties, the progressive property tax rates apply with effect from 1 Jan 2011: First $6,000 AV @ 0%, Next $59,000 @ 4%, AV exceeding $65,000 @ 6%. If your property is granted with the owner-occupier’s tax rates, you will see an indicator [Owner-Occupier].
4. This is the new tax position after the issuance of this bill.
5. This is to inform you that you have arranged to pay your Property Tax via GIRO.
  

1. The monthly GIRO instalments will be deducted from this bank account.
2. This table shows the monthly GIRO deductions schedule.
3. If the deduction fails on the 5th of the month, the next deduction date is 21st of that month.

1c. Sample Annual Property Tax Bill for a Non-Residential Property 

This is a sample property tax bill for a non-residential property where the owner is not paying by GIRO.

1. This amount shows zero tax balance before the issuance of this bill.
2. This is the Annual Value (AV) of your property.
3. Property Tax is payable at a rate of 10% per year.
4. This is the new tax position after the issuance of this bill
5. This is the payment due date.  The property tax outstanding is payable regardless of whether you have filed any claims or objections to the tax payable.
6. This is the 14-digit payment voucher number when making payment via Internet banking, AXS or SAM or you may scan the barcode on the payment voucher when making payment via AXS or SAM.
7. These are the 3 easy modes to sign up for GIRO.  
Back to Top  

2. Valuation Notices 

During the year, IRAS may send you a Valuation Notice with the Annual Value for new properties or revised Annual Value for existing properties.

2a. Sample Valuation Notice for a New Property 
2b. Sample Valuation Notice on amended Annual Value for an Existing Residential Property 
2c. Sample Valuation Notice on amended Annual Value for an Existing Non-Residential Property 

2a. Sample Valuation Notice for a New Property 

1. Notice under Section 20(1) is to inform you of the current year Annual Value (AV) proposed by the Chief Assessor.
2. Notice under Section 22(1) is to recover tax for period before current year, in this case, from the date of completion of the building (TOP date assumed to be 10 Nov 2010).
3. If you are filing an objection to the AV, you are required to enter this Notice No in the Notice of Objection form.
4. This is the proposed Annual Value.
5. This is the date of completion of the building (TOP date).
6. This amount shows the previous tax balance.  Since this is a new assessment, there is no previous tax balance.
7. This amount shows the tax payable from the TOP date to the end of the current year.
8. This is the amount that you need to pay.
9. This is the payment due date.  The property tax is payable regardless of whether you have filed any claims or objections to the tax payable.
10. Property Tax is payable at a rate of 10% per year regardless of whether the property is let, vacant or for own use.

2b. Sample Valuation Notice on amended Annual Value for an Existing Residential Property 

1. This is the Valuation Notice to inform you of the revision of Annual Value (AV) in the current year, under Section 20(1) of the Property Tax Act.
2. If you are filing an objection to the AV, you are required to enter this Notice No. in the Notice of Objection form.
3. This is the revised AV.
4. This is the effective date of the revised AV.
5. This amount shows the previous tax balance before the revision of the AV which must be paid by the due date of that notice.
6. This amount shows the additional tax payable due to the revision of the AV.
7. This is the amount that you need to pay.
8. This is the payment due date.  The property tax is payable regardless of whether you have filed any claims or objections to the tax payable.
9. Property Tax is payable at 10% per year. For owner-occupied residential properties, the progressive property tax rates apply with effect from 1 Jan 2011: First $6,000 AV @ 0%, Next $59,000 @ 4%, AV exceeding $65,000 @ 6%. If you own and occupy your home, you may apply for owner-occupier's tax rates.
10. This is the new tax payable after the revision of the AV.

2c. Sample Valuation Notice on amended Annual Value for an Existing Non-Residential Property

1. This is the Valuation Notice to inform you of the revision of Annual Value (AV) in the current year, under Section 20(1) of the Property Tax Act.
2. If you are filing objection to the AV, you are required to enter this Notice No. in the Notice of Objection form.
3. This is the revised AV.
4. This is the effective date of the revised AV.
5. This amount shows the previous tax balance before the revision of the AV which must be paid by the due date of that notice.
6. This amount shows the additional tax payable due to the revision of the AV.
7. This is the amount that you need to pay.
8. This is the payment due date.  The property tax is payable regardless of whether you have filed any claims or objections to the tax payable.
9. Property Tax is payable at 10% per year regardless of whether the property is let, vacant or for own use.
10. This is the new tax payable after the revision of the AV.