Property Tax Rates

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.

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.

Owner-occupier tax rates (residential properties)

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.

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

= $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

= $3,900

Non-owner-occupier residential tax rates (residential properties)

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.

Non-owner-occupier 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 are 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

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. 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

= $5,400

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