Property Tax Rates and Sample Calculations

Property tax rates on owner-occupied and non-owner occupied residential properties are applied on a progressive scale. All other properties continue to be taxed at 10% of the Annual Value. Examples of how to calculate property tax are also provided.

Formula for Calculating Property Tax

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.

Owner-Occupier Tax Rates (Residential Properties)

Owner-occupied residential properties may be condominiums, HDB flats or other residential properties where the owner lives in ("occupies") the property. Owner-occupied residential properties enjoy owner-occupier tax rates.

Owner-Occupier Tax Rates
Annual Value ($)Effective 1 Jan 2015Property Tax Payable

First $8,000
Next $47,000

0%
4%

 $0
$1,880

First $55,000
Next $15,000

-
6%

$1,880
$   900

First $70,000
Next $15,000

-
8%

$2,780
$1,200

First $85,000
Next $15,000

-
10%

$3,980
$1,500

First $100,000
Next $15,000

-
12%

$5,480
$1,800

First $115,000
Next $15,000

-
14%

$7,280
$2,100

First $130,000
Above $130,000

-
16%

$9,380

 
Annual Value ($)Tax Rate Effective 2015Property Tax Payable

First 8,000

X 0%

= 0

Next 28,000

X 4%

= $1,120

Property Tax Payable for 2015

= $1,120

Annual Value ($)Tax Rate Effective 2015Property Tax Payable
First 8,000X 0%= 0
Next 47,000X 4%= $1,880
Next 15,000X 6%= $ 900
Remaining 14,000X 8%= $1,120

Property Tax Payable for 2015

= $3,900

Residential Tax Rates (Non-Owner Occupied Residential Properties)

Non-owner occupied residential properties may be condominiums, HDB flats or other residential properties. The owner does not live in ("occupy") the property and, therefore, owner-occupier tax rates do not apply.

The following tax rates apply to non-owner occupied properties except for those in the exclusion list .

Residential Tax Rates
Annual Value ($)Effective 1 Jan 2015Property Tax Payable

First 30,000
Next $15,000

10%
12%

$3,000
$1,800

First $45,000
Next $15,000

-
14%

$4,800
$2,100

First $60,000
Next $15,000

-
16%

$6,900
$2,400

First $75,000
Next $15,000

-
18%

$9,300
$2,700

First $90,000
Above $90,000

-
20%

$12,000

Residential properties on the exclusion list will continue to be taxed at 10%.

  1. Accommodation facilities within any sports and recreational club
  2. Chalet
  3. Child care centre, student care centre, or kindergarten
  4. Welfare home
  5. Hospital, hospice, or place for rehabilitation, convalescence, nursing care or similar purposes
  6. Hotel, backpackers' hostel, boarding house or guest house
  7. Serviced apartment
  8. Staff quarters that are part of any property exempted from tax under s6(6) of the Property Tax Act
  9. Student's boarding house or hostel
  10. Workers' dormitory

For the existing 10% tax rate to apply, the property must have received planning approval for the above use. No application to IRAS is required.

Commercial and Industrial Properties(Non-Residential)

Non-residential properties such as commercial and industrial buildings and land are taxed at 10% of the Annual Value .  The owner-occupier tax rates do not apply to non-residential properties even if you have bought the properties for your own use / occupation.

Annual Value ($)Tax Rate Property Tax Payable

54,000

X 10%

= $5,400

Property Tax Payable for 2015

= $5,400

Property Tax Rates Prior to 1 Jan 2015

Owner-Occupier Tax Rates for 2014
Annual Value ($)Tax Rates for 2014Property Tax Payable

First $8,000
Next $47,000

0%
4%

 $      0
$1,880

First $55,000
Next $5,000

-
5%

$1,880
$   250

First $60,000
Next $10,000

-
6%

$2,130
$  600

First $70,000
Next $15,000

-
7%

$2,730
$1,050

First $85,000
Next $15,000

-
9%

$3,780
$1,350

First $100,000
Next $15,000

-
11%

$5,130
$1,650

First $115,000
Next $15,000

-
13%

$6,780
$1,950

First $130,000
Above $130,000

-
15%

$8,730

Example 5: AV of Residential Property is $36,000

Annual Value ($)

Tax Rate for 2014

Property Tax Payable

First 8,000

X 0%

= 0

Next 28,000

X 4%

= $1,120

Property Tax Payable for 2014

= $1,120

Residential Tax Rates for 2014
Annual Value ($)Tax Rates for 2014Property Tax Payable

First 30,000
Next $15,000

10%
11%

$3,000
$1,650

First $45,000
Next $15,000

-
13%

$4,650
$1,950

First $60,000
Next $15,000

-
15%

$6,600
$2,250

First $75,000
Next $15,000

-
17%

$8,850
$2,550

First $90,000
Above $90,000

-
19%

$11,400

Example 6: AV of Residential Property is $95,000

Annual Value ($)

Tax Rate for 2014

Property Tax Payable

First 30,000X 10%= $3,000
Next 15,000X 11%= $1,650
Next 15,000X 13%= $1,950
Next 15,000X 15%= $2,250
Next 15,000X 17%= $2,550
Remaining 5,000X 19%= $ 950
Property Tax Payable for 2014= $12,350

All properties were taxed at 10% of the AV. This includes HDB flats, houses, offices, factories, shop and land.

Owner-Occupied Residential Properties

Owner-Occupier Tax Rates (Prior to 1 Jan 2014)
Annual Value ($)Progressive Tax Rate (%)

First 6,000

0

Next 59,000

4

Amount exceeding 65,000

6

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