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Property tax

Property tax is a tax on property ownership and applies whether the property is rented out, owner-occupied or vacant.

Property tax rates on owner occupied and non-owner occupied residential properties are applied on a progressive scale, which can be found here. All other properties continue to be taxed at 10% of the Annual Value (AV). The AV of buildings is the estimated gross annual rent of the property if it were to be rented out, excluding furniture, furnishings and maintenance fees. It is determined based on estimated market rentals of similar or comparable properties and not on the actual rental income received.

Property tax rebate for owner-occupied residential properties in 2025

On 29 November 2024, the government announced that it will be providing a one-off property tax rebate of 20% for owner-occupied Housing and Development Board (HDB) flats, and 15% (capped at SSD 1,000) for owner-occupied private residential properties in 2025. This