By MoneyBees
Annual tax payable on all property in Singapore. Owner-occupied residential rates are progressive (0% to 32% of AV); non-owner-occupied rates are higher (12% to 36%).
Property tax in Singapore is an annual tax on the ownership of any property: residential, commercial, industrial. Charged on the Annual Value of the property, with progressive rates depending on use.
Collected by IRAS, payable by 31 January each year. Most property owners pay via GIRO over 12 monthly instalments.
Owner-occupied residential (progressive): 0% on first S$8,000 of AV, then 4%, 6%, 8%, 12%, 16%, 20%, 26%, 32%.
Non-owner-occupied residential (progressive): 12%, 20%, 28%, 36% from 2024 onwards, designed to be materially higher than owner-occupied rates.
Commercial / industrial: flat 10% of AV.
Land in transition: charged the higher of pre-development or post-development rate during construction.
HDB 3-room owner-occupied (AV ~S$8,000 to S$10,000): S$0 to S$80 / year.
HDB 4-room owner-occupied (AV ~S$10,000 to S$13,000): S$80 to S$300 / year.
HDB 5-room owner-occupied (AV ~S$13,000 to S$18,000): S$300 to S$700 / year.
Mass-market condo owner-occupied (AV ~S$30,000 to S$50,000): S$1,500 to S$4,000 / year.
Luxury condo owner-occupied (AV S$60,000+): S$5,000 to S$15,000+.
Investment property of the same kind: typically 2× to 4× higher property tax.
From 2023 to 2024, property tax rates for both owner-occupied (top tiers) and non-owner-occupied properties were progressively raised, part of Singapore's effort to make wealth taxation more substantive without introducing a wealth tax.
Top owner-occupied rate (above S$100k AV) went from 16% to 32% in 2 steps. Top non-owner-occupied went from 20% to 36%.
For most owner-occupied HDB and mass-market condo owners, the tax impact is small. The pain is concentrated in luxury homes and investment property.
Property tax rebates: occasionally announced in Budget speeches (e.g., 2024 had a one-off 100% rebate on owner-occupied property tax for the first S$1,000). Check IRAS for current measures.
Tax = AV × applicable rate. Owner-occupied residential is progressive (0% to 32% from 2024). Non-owner-occupied (investment property) is higher (12% to 36%). Commercial / industrial is flat 10% of AV. IRAS sends a notice each November; tax is due 31 January.
HDB 3-room owner-occupied (AV ~S$8k to S$10k): S$0 to S$80/year. 4-room (~S$10k to S$13k): S$80 to S$300/year. 5-room (~S$13k to S$18k): S$300 to S$700/year. Most HDB owners pay materially less than condo owners due to lower AV and progressive rates.
2023 to 2024 saw progressive rate increases for both owner-occupied (top bands) and non-owner-occupied properties. Top owner-occupied rate went from 16% to 32% in two steps. The intent was wealth-tax-adjacent: taxing high-end and investment property more.
Occasionally, announced in Budget speeches. Budget 2024 offered a one-off 100% rebate on the first S$1,000 of owner-occupied property tax. Check IRAS each year for current rebates and means-tested support measures.
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