By MoneyBees
Work out your 2026 property tax from the Annual Value: owner-occupier and non-owner-occupier rates, the 2026 rebate for HDB flats and private homes, and GIRO instalments.
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 bill automatically. Homes that are let out do not get it.
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, or up to 24 if every owner is 65 or older, lives there and has assessable income of S$39,000 or less.
IRAS adds a penalty of 5% of the unpaid tax. Paying by GIRO avoids missing the date.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).