By MoneyBees
Work out your 2026 or 2027 property tax from your home's Annual Value: IRAS's owner-occupier and non-owner-occupier rates band by band, the 2026 rebate, and what it costs each month on GIRO.
Owner-occupier rates apply to one home only.
On your property tax bill or IRAS's myTax Portal.
2026 property tax
$136.68
after the 2026 rebate
2026 rebate
$24.12
15% for HDB flats
On GIRO
$11.39
a month, if GIRO starts in January
| Annual Value | Rate | Tax |
|---|---|---|
| $0 to $12,000 | 0% | $0.00 |
| $12,000 to $16,020 | 4% | $160.80 |
| 2026 rebate | -$24.12 | |
| Property tax for 2026 | $136.68 |
Let out or left empty, it would be $1,922.40.
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From 1 Jan 2025.
| Annual Value | Rate |
|---|---|
| First $12,000 | 0% |
| Next $28,000 | 4% |
| Next $10,000 | 6% |
| Next $25,000 | 10% |
| Next $10,000 | 14% |
| Next $15,000 | 20% |
| Next $40,000 | 26% |
| Above $140,000 | 32% |
From 1 Jan 2024. Non-residential property pays 10%.
| Annual Value | Rate |
|---|---|
| First $30,000 | 12% |
| Next $15,000 | 20% |
| Next $15,000 | 28% |
| Above $60,000 | 36% |
An HDB 4-room flat with an Annual Value of S$16,020, lived in by its owner: the first S$12,000 is tax-free and the next S$4,020 is taxed at 4%, so the tax is S$160.80. The 2026 rebate takes off 15%, S$24.12, leaving S$136.68, or S$11.39 a month on GIRO. Let the whole flat out instead and the same Annual Value is taxed at 12%: S$1,922.40.
Figures checked 3 Oct 2026.
IRAS multiplies your property's Annual Value by the tax rates for how it is used. Homes you live in pay progressive owner-occupier rates, from 0% on the first S$12,000 to 32% above S$140,000. Homes that are let out or empty pay 12% to 36%.
The rent IRAS estimates your property could fetch in a year if it were let out, without furniture, furnishings or maintenance fees. It is printed on your property tax bill, and IRAS reviews it every year.
For an owner-occupied flat, the first S$12,000 of Annual Value is taxed at 0% and the next S$28,000 at 4%. A 4-room flat with an Annual Value of S$16,020 pays S$160.80 before the 2026 rebate and S$136.68 after it.
Yes, a one-off rebate for owner-occupied homes: 15% for HDB flats and 10%, capped at S$500, for private homes. It comes off your 2026 bill automatically. Homes that are let out do not get it. The rebate is for 2026 only: no rebate has been announced for 2027 bills, so the calculator applies none to a 2027 bill.
No. Owner-occupier rates apply to one home that you own and live in. A married couple gets them on one home only. Any other home pays non-owner-occupier rates.
The 2026 bill was due on 31 Jan 2026. On GIRO you can spread it over up to 12 interest-free monthly instalments. The plan ends in December, so joining after January means fewer, larger instalments. You can apply for up to 24 months if every owner is 65 or older, you live in the property, your assessable income is S$39,000 or less and tax is still owing.
Unless you are on an approved instalment plan, IRAS adds a penalty of 5% of the unpaid tax. GIRO only protects you if IRAS approves it before the due date, one month from the date of the bill. If a GIRO deduction fails, IRAS cancels the plan and the rest of the tax is due at once.
Tax is worked band by band and rounded to the cent. The rebate is rounded to the cent, and so is the monthly GIRO figure.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).