Interactive Property Tax Calculators
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. This page explains the applicable tax rate depending on the type and use of a property.
On this page:
Owner-Occupier Tax Rates (for owner-occupied residential properties)
Owner-occupied residential properties are condominiums, HDB flats or other residential properties where the owner lives in the property. These properties enjoy the lower owner-occupier tax rates.
Owner-occupier tax rates apply to 1 property only. If you own more than 1 residential property, only 1 qualifies for owner-occupier tax rates. Your other properties are taxed at non-owner-occupier residential tax rates, even if you live in them as your second home.
To check which rate applies to your property, log in to myTax Portal with your Singpass and go to Property > View Property Summary. You can also check your property tax notice, where the rate is shown in brackets under the "AV and Tax Rates" column.
Owner-Occupier Tax Rates (Effective 1 Jan 2025)
| Annual Value ($) | Tax rate effective from 1 Jan 2025 | Property Tax Payable |
|---|---|---|
First $12,000 | 0% | $0 |
First $40,000 | - | $1,120 |
First $50,000 | - | $1,720 |
First $75,000 | - | $4,220 |
First $85,000 | - | $5,620 |
First $100,000 | - | $8,620 |
First $140,000 | - | $19,020 |
Property Tax Formula
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.
For example, if the AV of your property is $30,000 and your tax rate is 10%, you would pay $30,000 x 10% = $3,000 in property taxes.
| Annual Value ($) | Tax rate effective from 1 Jan 2025 | Property tax payable |
|---|---|---|
| First 12,000 | X 0% | = 0 |
| Next 24,000 | X 4% | = $960 |
Total property tax payable = $960
| Annual Value ($) | Tax rate effective from 1 Jan 2025 | Property tax payable |
|---|---|---|
| First 12,000 | X 0% | = 0 |
| Next 28,000 | X 4% | = $1,120 |
| Next 10,000 | X 6% | = $600 |
| Next 25,000 | X 10% | = $2,500 |
| Next 9,000 | X 14% | = $1,260 |
Total property tax payable = $5,480
Historical Owner-Occupier Tax Rates
The rates below are for reference only.
| Annual Value ($) | Tax rate effective from 1 Jan 2024 to 31 Dec 2024 | Property tax payable |
|---|---|---|
First $8,000 Next $22,000 | 0% 4% | $0 $880 |
First $30,000 Next $10,000 | - 6% | $880 $600 |
First $40,000 Next $15,000 | - 10% | $1,480 $1,500 |
First $55,000 Next $15,000 | - 14% | $2,980 $2,100 |
First $70,000 Next $15,000 | - 20% | $5,080 $3,000 |
First $85,000 Next $15,000 | - 26% | $8,080 $3,900 |
First $100,000 Above $100,000 | - 32% | $11,980
|
| Annual Value ($) | Tax rate effective from 1 Jan 2023 to 31 Dec 2023 | Property tax payable |
|---|---|---|
First $8,000 Next $22,000 | 0% 4% | $0 $880 |
First $30,000 Next $10,000 | - 5% | $880 $500 |
First $40,000 Next $15,000 | - 7% | $1,380 $1,050 |
First $55,000 Next $15,000 | - 10% | $2,430 $1,500 |
First $70,000 Next $15,000 | - 14% | $3,930 $2,100 |
First $85,000 Next $15,000 | - 18% | $6,030 $2,700 |
First $100,000 Above $100,000 | - 23% | $8,730
|
| Annual Value ($) | Tax rate effective from 1 Jan 2015 to 31 Dec 2022 | Property 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% | $9,380
|
Non-Owner-Occupier Residential Tax Rates (for non-owner-occupied residential properties)
Non-owner-occupied residential properties are condominiums, HDB flats or other residential properties that the owner does not live in or is already enjoying the lower owner-occupier tax rates on one of the properties.
These rates apply to all non-owner-occupied residential properties except those on the exclusion list below.
Non-owner-occupier residential tax rates
| Annual Value ($) | Effective 1 Jan 2024 | Property Tax Payable |
|---|---|---|
First 30,000 | 12% | $3,600 |
First $45,000 | - | $6,600 |
First $60,000 | - | $10,800 |
| Annual Value ($) | Non-Owner-Occupier Residential Tax rate effective from 1 Jan 2024 | Property tax payable |
|---|---|---|
| First 30,000 | X 12% | = $3,600 |
| Next 6,000 | X 20% | = $1,200 |
Total property tax payable = $4,800
| Annual Value ($) | Non-Owner-Occupier Residential Tax rate effective from 1 Jan 2024 | Property tax payable |
|---|---|---|
| First 30,000 | X 12% | = $3,600 |
| Next 15,000 | X 20% | = $3,000 |
| Next 15,000 | X 28% | = $4,200 |
| Next 24,000 | X 36% | = $8,640 |
Total property tax payable = $19,440
Let-out or rented residential properties are considered investment assets and are taxed at a higher rate than owner-occupied properties. The tax structure ensures that higher-value properties are subject to higher tax rates.
Historical Non-Owner-Occupier Residential Tax Rates
The rates below are for reference only.
| Annual Value ($) | Tax rate effective from 1 Jan 2023 to 31 Dec 2023 | Property tax payable |
|---|---|---|
First $30,000 Next $15,000 | 11% 16% | $3,300 $2,400 |
First $45,000 Next $15,000 | - 21% | $5,700 $3,150 |
First $60,000 Above $60,000 | - 27% | $8,850
|
| Annual Value ($) | Tax rate effective from 1 Jan 2015 to 31 Dec 2022 | Property 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% | $12,000
|
Excluded Properties
The non-owner-occupier residential tax rates do not apply to the following property types. These properties are taxed at 10% instead, provided they have received planning approval for the relevant use. No application to IRAS is required.
- Accommodation facilities within any sports and recreational club
- Chalet
- Child care centre, student care centre, or kindergarten
- Welfare home
- Hospital, hospice, or place for rehabilitation, convalescence, nursing care or similar purposes
- Hotel, backpackers' hostel, boarding house or guest house
- Serviced apartment
- Staff quarters that are part of any property exempted from tax under S6(6) of the Property Tax Act
- Student's boarding house or hostel
- Workers' dormitory
Commercial and Industrial Properties (Non-Residential)
Non-residential properties such as commercial and industrial buildings and land are taxed at 10% of the Annual Value. Owner-occupier tax rates do not apply even if you use the property for your own occupation.
| Annual Value ($) | Tax rate | Property tax payable |
|---|---|---|
|
54,000 |
X 10% |
= $5,400 |
Property tax payable = $5,400
Special Scenarios
Scenario 1: Home office
If you use your residential property primarily as a home office, it may still qualify for residential property tax rates. You must meet the terms and conditions set by the Urban Redevelopment Authority (URA) or HDB for the home office scheme.
Scenario 2: Childcare centre in a landed house
If you use a landed house as a childcare centre, you must obtain approval for change of use from URA. The tax rate to be applied for childcare centre is 10%.
Scenario 3: Shophouses or shopflats with mixed use
The residential component will be subjected to the property tax rates for residential properties. The commercial component is taxed at 10%.
Scenario 4: Vacant properties
Property tax applies to all properties, including vacant ones. Vacant residential properties are taxed at non-owner-occupier residential tax rates. Vacant non-residential properties are taxed at 10%. There is no tax relief for vacant properties.FAQs
Yes, you have to notify IRAS in writing within 15 days from the date of the change.
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.