Calculate Singapore Property Tax and Property Annual Value: Quick & Easy Way

All property owners including HDB flats owners, private property owners and landed property owners; are liable to pay property tax in Singapore.

The computation is the same for Singaporeans and foreigners.

Property tax is payable in advance every year, in January, for the whole year from January to December.

The prevailing property tax rate is 10% per year.

For owner-occupied residential property, you can claim a concessionary rate of 4% per year by applying to the IRAS here. Note you must apply, the concessionary rate is not automatic.

Property Tax Payable = Prevailing Tax Rate x Annual Value of a property.

The Annual Value of your property is the estimated annual rent of your property as determined by IRAS (Inland Revenue Authority of Singapore), and exclude the rent for furniture, fittings and service charge.

Example on how to estimate your property tax:
Estimated montly rent=$2000
Property Tax Payable = 10% x $2000x12 = $2400


The basis for determining the annual value is the same for let-out, owner-occupied or vacant properties.

To check the current AV of your property, you need to log in to myTax Portal with your SingPass > e-Services for Property Tax > View Property Portfolio

You can obtained a Valuation Online at this IRAS site by paying $2.50.


Access Basic Calculator below:

 

The AV of your property can be revised whenever market rents for similar properties change and may not reflect the actual rents of your property.

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Kenneth Chan 曾健德
Associate Division Director
ERA REALTY NETWORK PTE LTD
CEA Licence No.:
L3002382K / R024796D
+(65) 9100 6270