Property Tax
Written in plain language for general understanding. This is educational content, not legal advice. Based on Singapore Acts of Parliament, subsidiary legislation, and official government guidance.
Singapore National Law
What is this right?
All property owners in Singapore must pay property tax — an annual tax based on the Annual Value (AV) of the property:
- Owner-occupied residential: Progressive rates from 0% (first $8,000 of AV) to 32% (above $140,000 AV).
- Non-owner-occupied residential: Progressive rates from 12% to 36%.
- Commercial/industrial: Flat rate of 10% of AV.
- Annual Value: The estimated annual rent the property would fetch if it were rented out, as determined by IRAS.
- Payment: Due by 31 January each year. GIRO instalment plans are available.
When does it apply?
- You own any property in Singapore — HDB flat, condo, landed house, commercial property, or land.
- Even if you live in the property, you must pay property tax (at the lower owner-occupied rate).
What should you do?
- Apply for the owner-occupier tax rate if you live in the property — this is not automatic; you must apply via IRAS.
- If you disagree with the AV, you can object within 30 days of receiving the notice. Provide evidence such as comparable rental transactions.
- Set up GIRO payments to spread the cost over 12 monthly instalments (interest-free).
What should you NOT do?
- Don't ignore property tax bills — IRAS can impose a 5% penalty for late payment, and ultimately attach the property.
- Don't forget to update your owner-occupier status — if you move out and rent the property, you must inform IRAS or you'll be taxed at the non-owner rate retroactively.
- Don't assume HDB flats are exempt — all property owners pay property tax, though HDB flats typically have lower AVs.
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