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 also apply. The exclusion list includes 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%