Property Tax Guide
Annual Value, owner-occupier rates, and IRAS property tax in Singapore
Updated March 2026 ยท Singapore regulations
What is Property Tax?
Property tax is an annual tax on property ownership in Singapore, administered by IRAS. It is based on the property's Annual Value (AV) โ not the purchase price, outstanding loan, or rental income actually received. All property owners must pay, whether or not they live in or rent out the property.
Annual Value (AV) โ How It's Assessed
AV = the estimated gross annual rent if the property were rented out, based on comparable market rental transactions. IRAS reviews AVs annually. You can check your AV at any time via myTax Portal.
Owner-Occupier Tax Rates (2024 onwards)
Applies if you live in the property as your primary residence and have registered with IRAS for owner-occupier status.
| Annual Value Band | Tax Rate |
|---|---|
| First $8,000 | 0% |
| $8,001โ$30,000 (next $22,000) | 4% |
| $30,001โ$40,000 (next $10,000) | 5% |
| $40,001โ$55,000 (next $15,000) | 6% |
| $55,001โ$70,000 (next $15,000) | 7% |
| $70,001โ$85,000 (next $15,000) | 9% |
| $85,001โ$100,000 (next $15,000) | 11% |
| Above $100,000 | 14%โ16% (progressive) |
Non-Owner-Occupier Rates
Applied to investment properties, vacant properties, and any property not occupied by the owner as primary residence. Rates are significantly higher.
| Annual Value Band | Tax Rate |
|---|---|
| First $30,000 | 12% |
| $30,001โ$60,000 | 20% |
| $60,001โ$90,000 | 28% |
| Above $90,000 | 36% |
Payment & Deadlines
- IRAS issues property tax bills in January each year
- Payment due by 31 January
- Accepted via GIRO (auto-deduction), PayNow, AXS, internet banking, cheque
- Late payment penalty: 5% per month on outstanding amount
- Instalment plans available for residential properties โ split into 4 quarterly GIRO deductions
Budget Rebates
The Singapore government periodically announces property tax rebates in the annual Budget for owner-occupied HDB flats, typically between 15%โ30% of annual tax. These are automatically applied โ no action required from homeowners.
Disputing Your Annual Value
If you believe your AV is too high (e.g., market rents have fallen significantly), you can file an objection with IRAS within 30 days of the tax bill. Provide evidence of comparable rental transactions (agent listings, actual lease agreements). If successful, IRAS will revise the AV and issue a refund for overpaid tax.