Property Tax in Singapore

Property tax is a kind of tax levied on all types of real estate such as houses, buildings and land. All property owners are required to pay property tax for the real estate they own.

Taxable Basis

The taxable basis of property tax is the Annual Value of a property, which is the estimated gross annual rent of the property if it were to be rented out, excluding furniture, furnishings and maintenance fees.

The same basis is applicable regardless of whether the property is owner-occupied, vacant or rented out. The IRAS reviews the AV of properties yearly, so as to determine if any amendments are necessary. If the AV changes, the IRAS will notify the taxpayers.

Tax Rates

Filing Period

The property tax is collected on a prepayment basis and is paid annually. The annual property tax bill must be paid by 31 Jan or by the due date stated in the bill.

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