Property Tax

Property tax is imposed at 10% on the annual value of commercial and industrial (non-residential) properties.

On non-owner occupied residential properties and owner-occupied residential properties, multi-tier progressive tax rates will apply. The annual property tax is then calculated by multiplying the annual value of the property with the applicable Property Tax Rates. For non-owner occupied residential property a specific exclusion list exists for properties holding planning approval for the specific use of the property, a flat 10% rate will apply. On the exclusion list are amongst others included hospitals, hotels, serviced apartments etc. 

Owner-Occupied Residential Property
Annual Value (SGD) Progressive Tax Rates 
First $8,000 0%
Next $47,000 4%
Next $15,000 6%
Next $15,000 8%
Next $15,000 10%
Next $15,000 12%
Next $15,000 14%
AV in excess of $130,000 16%
Non- Owner Occupied Residential Property
Annual Value (SGD) Progressive Tax Rates 
First $30,000 10%
Next $15,000 12%
Next $15,000 14%
Next $15,000 16%
Next $15,000 18%
AV in excess of $90,000 20%

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