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Property Tax

Property tax is levied on all owners of property in Singapore. All types of properties including HDB flats, factories, offices and vacant land are subject to tax. If you or your business owns property, same is subject to Property Tax

Rate of Property Tax

  • The amount of property tax you have to pay per year is a percentage of the Annual Value of the property. The Annual Value is the estimated yearly rent the property can fetch if it were rented out.
  • The tax rate for owner-occupied residential property is 4% per year. The tax rate for all other properties is 10%.

Time Limit for payment of Property Tax

  • Property tax to be paid by 31 January every year.
  • IRAS will compute the annual tax send bill in December with Instructions on how to pay property tax

Rebates, Reliefs Or Refunds

  • To help keep taxes affordable, encourage certain types of land development and meet business needs, the Government gives out rebates, reliefs and refunds to property owners.
  • For instance, if your property has been continuously vacant for at least 30 days or 1 calendar month because of repairs or the inability to find a tenant, you can claim for a refund of property tax for that period.

Buildings Exempt From Property Tax?

A building is exempt from property tax if it is used exclusively:

  • as a public place of worship
  • as a public school
  • for charitable purposes
  • for purposes that promote the social development of Singapore

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