Property Tax Calculator Singapore
Annual Property Tax: $2,400
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Property Tax Rate Structure
Annual Value Range | Tax Rate | Your Tax | Cumulative |
---|---|---|---|
First $8,000 | 0% | $0 | $0 |
Next $47,000 ($8,001-$55,000) | 4% | $640 | $640 |
Next $15,000 ($55,001-$70,000) | 6% | $0 | $640 |
Above $70,000 | 10% | $0 | $640 |
Total Tax | 2.7% | $640 | $640 |
The Property Tax Calculator Singapore helps property owners calculate their annual property tax based on the Annual Value (AV) assessed by IRAS. This calculator uses the current progressive tax rate structure for both residential and non-residential properties in Singapore.
Property Tax in Singapore Overview
Property tax in Singapore is an annual tax levied on all properties based on their Annual Value (AV). The AV is the estimated gross annual rent that the property can fetch if it were to be rented out, excluding furniture, furnishings, and maintenance fees.
Property Tax Calculator Components
A comprehensive Singapore property tax calculation typically includes:
- Property Type—residential, non-residential, or mixed-use classification.
- Annual Value—IRAS-assessed annual rental value of the property.
- Owner-Occupation Status—whether the property is owner-occupied or rented out.
- Property Subtype—HDB, condominium, landed, office, retail, industrial, etc.
- Assessment Year—the tax year for which the calculation is made.
Property Tax Rate Structure 2024
Residential Properties (Owner-Occupied)
Annual Value Range | Tax Rate | Example Tax |
---|---|---|
First $8,000 | 0% | $0 |
Next $47,000 ($8,001 - $55,000) | 4% | $1,880 |
Next $15,000 ($55,001 - $70,000) | 6% | $900 |
Above $70,000 | 10% | Variable |
Residential Properties (Non-Owner-Occupied)
Annual Value Range | Tax Rate | Example Tax |
---|---|---|
First $30,000 | 10% | $3,000 |
Next $15,000 ($30,001 - $45,000) | 12% | $1,800 |
Next $15,000 ($45,001 - $60,000) | 14% | $2,100 |
Above $60,000 | 16% | Variable |
Non-Residential Properties
Annual Value Range | Tax Rate | Example Tax |
---|---|---|
All Annual Values | 10% | 10% of AV |
Annual Value Assessment
How Annual Value is Determined
- Market Rental—Based on rental transactions of similar properties
- Location Factors—Proximity to amenities, transport, schools
- Property Characteristics—Size, age, condition, facilities
- Market Conditions—Current rental market trends
Annual Value by Property Type
Property Type | Typical AV Range | AV per sqft | Effective Tax Rate |
---|---|---|---|
HDB 3-Room | $8,000 - $15,000 | $12 - $20 | 0% - 2.8% |
HDB 4-Room | $12,000 - $22,000 | $12 - $22 | 1.3% - 3.5% |
HDB 5-Room | $18,000 - $30,000 | $15 - $25 | 2.2% - 4.4% |
Condominium | $25,000 - $80,000 | $25 - $60 | 3.4% - 6.8% |
Landed Property | $40,000 - $200,000+ | $30 - $100+ | 4.9% - 8.5%+ |
Property Tax Exemptions and Rebates
Property Tax Rebates
- HDB Flats—Up to 2 months rebate for eligible households
- Private Properties—Rebates during economic downturns
- Senior Citizens—Additional rebates for elderly homeowners
- COVID-19 Relief—Special rebates during pandemic periods
Property Tax Exemptions
- Religious Buildings—Places of worship
- Charitable Organizations—Approved charitable institutions
- Government Properties—State-owned properties
- Diplomatic Properties—Embassy and consulate buildings
Property Tax Payment Methods
GIRO (Recommended)
- Automatic monthly deduction from bank account
- No late payment penalties
- Convenient and hassle-free
- Can be set up online or at banks
Online Payment
- Pay via IRAS website or mobile app
- Credit card, debit card, or internet banking
- Immediate confirmation
- Available 24/7
Other Payment Methods
- AXS Stations—Self-service kiosks
- SAM Kiosks—Singapore Post kiosks
- Phone Banking—Via bank phone services
- Cheque—Mail to IRAS
Property Tax Due Dates
Payment Schedule
Payment Method | Due Date | Frequency | Late Penalty |
---|---|---|---|
GIRO | 15th of each month | Monthly | None if sufficient funds |
Non-GIRO | 31 January | Annual | 5% after due date |
Installments | 31 Jan, 30 Apr, 31 Jul, 31 Oct | Quarterly | 5% per late installment |
Property Tax Appeals
Grounds for Appeal
- Incorrect Annual Value—AV assessment too high
- Property Condition—Defects affecting rental value
- Market Changes—Significant market decline
- Comparable Properties—Similar properties with lower AV
Appeal Process
- Submit appeal within 30 days of notice
- Provide supporting evidence and documentation
- IRAS reviews and may conduct site inspection
- Decision communicated within 3 months
- Further appeal to Valuation Review Board if needed
Special Property Tax Considerations
Mixed-Use Properties
- Separate assessment for residential and commercial portions
- Different tax rates apply to each portion
- Apportionment based on floor area usage
Vacant Properties
- Property tax still applies even if vacant
- Based on potential rental value
- No reduction for vacancy periods
Under Construction
- No property tax during construction phase
- Tax starts from Temporary Occupation Permit (TOP)
- Prorated for partial year completion
How to Use the Calculator
To use the Singapore Property Tax Calculator:
- Select your property type (residential/non-residential)
- Enter the Annual Value as assessed by IRAS
- Specify if the property is owner-occupied
- Choose the property subtype
- Select the assessment year
- Include property details for more accurate calculation
- Add ownership and location information if needed
- Click "Calculate" to see your property tax breakdown
The calculator will show the progressive tax calculation, effective tax rate, and payment schedule options.
Property Tax Planning Tips
Reducing Property Tax
- Appeal if Necessary—Challenge incorrect assessments
- Owner-Occupation—Lower rates for owner-occupied properties
- Property Improvements—Consider impact on Annual Value
- Market Timing—Be aware of assessment cycles
Payment Optimization
- Set up GIRO—Avoid late payment penalties
- Budget Monthly—Spread payments throughout the year
- Track Due Dates—Mark calendar for non-GIRO payments
- Keep Records—Maintain payment receipts
Important Considerations
When calculating property tax in Singapore:
- Annual Value—Use the IRAS-assessed AV, not market value
- Progressive Rates—Tax rates increase with higher Annual Values
- Owner-Occupation—Significantly lower rates for owner-occupied properties
- Payment Method—GIRO provides the most convenience and security
- Appeals—Submit within 30 days if you disagree with assessment
This calculator provides estimates based on current IRAS property tax rates and structure. Actual tax amounts should be verified with official IRAS notices and assessments. For complex situations or appeals, consult with a qualified tax professional.
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