How Property Tax Works in Singapore
Unlike stamp duty, which is a one-off cost at purchase, property tax is charged every year on every property in Singapore — HDB flats, condos, landed homes, even vacant units. It's calculated as your property's Annual Value (AV) — IRAS's estimate of the yearly rent it could fetch if rented out unfurnished — multiplied by a progressive rate that depends on whether you live in the property.
🏠 Owner-Occupier Rates (from 1 January 2025)
| Portion of Annual Value | Rate |
|---|---|
| First $12,000 | 0% |
| Next $28,000 ($12,001–$40,000) | 4% |
| Next $10,000 ($40,001–$50,000) | 6% |
| Next $25,000 ($50,001–$75,000) | 10% |
| Next $10,000 ($75,001–$85,000) | 14% |
| Next $15,000 ($85,001–$100,000) | 20% |
| Next $40,000 ($100,001–$140,000) | 26% |
| Above $140,000 | 32% |
🏢 Non-Owner-Occupier Rates (from 1 January 2024)
| Portion of Annual Value | Rate |
|---|---|
| First $30,000 | 12% |
| Next $15,000 ($30,001–$45,000) | 20% |
| Next $15,000 ($45,001–$60,000) | 28% |
| Above $60,000 | 36% |
Non-owner-occupier rates apply to any residential property you don't live in — rented out, vacant, or held purely as an investment. Non-residential properties (commercial, industrial) are taxed at a flat 10% instead.
🎁 2026 Rebate
To cushion the impact of rising Annual Values, the government is providing a one-off rebate for 2026: 15% off for owner-occupied HDB flats, and 10% off (capped at $500) for owner-occupied private residential properties. This rebate only applies to owner-occupied properties — it does not apply to non-owner-occupied or investment properties.
💡 Example Calculation
Scenario: Private condo with Annual Value of $36,000, owner-occupied.
1. First $12,000 × 0% = $0
2. Next $24,000 ($12,001–$36,000) × 4% = $960
3. Tax before rebate: $960
4. 2026 rebate (private, 10% capped at $500): min($96, $500) = $96
5. Final tax payable: $960 − $96 = $864
Compare to the same AV, non-owner-occupied: First $30,000 × 12% = $3,600, plus the remaining $6,000 × 20% = $1,200, for a total of $4,800 — more than 5 times the owner-occupier tax.
Note: This is a simplified example using AV directly — always verify your actual AV on the IRAS website.
⚠️ Important Notes
- This calculator provides estimates only, based on official IRAS 2025/2026 progressive rates.
- Your actual Annual Value is set by IRAS based on market rental comparables — check it on the IRAS website rather than estimating.
- Owner-occupier rates apply to only one property per owner — additional properties you occupy don't qualify.
- This calculator does not cover non-residential (commercial/industrial) properties, which are taxed at a flat 10%.
- For official figures and to check your AV, use IRAS – Property Tax.