Property tax is an annual tax payable by property owners in Singapore. It applies whether the property is owner-occupied, rented out, vacant, residential, commercial or industrial. For residential properties, the tax payable depends mainly on the property's Annual Value and whether it is occupied by the owner.

The AsianPrime Property Tax Calculator estimates annual property tax based on the property's Annual Value and category. It can help estimate tax for owner-occupied residential properties, non-owner-occupied residential properties and non-residential properties.

Annual Value, often abbreviated as AV, is the estimated gross annual rent of a property if it were rented out. Property tax is calculated based on Annual Value, not the purchase price, market value or outstanding mortgage.

Property tax is calculated by applying the relevant IRAS tax rate to the property's Annual Value. Owner-occupied residential properties and non-owner-occupied residential properties are taxed on progressive scales, while non-residential properties are taxed at 10% of Annual Value.

An owner-occupied residential property is a home where the legal owner lives in the property. Owner-occupier tax rates are generally lower than non-owner-occupier rates because the property is used as the owner's own home.

From 1 January 2025, owner-occupier residential property tax rates are progressive. The first $12,000 of Annual Value is taxed at 0%, with higher bands taxed progressively from 4% up to 32% for the portion of Annual Value above $140,000.

A non-owner-occupied residential property is a residential property that the owner does not live in. This includes properties that are rented out, vacant or held as investment properties. IRAS describes non-owner-occupied residential properties as condominiums, HDB flats or other residential properties that the owner does not occupy.

Non-owner-occupied residential properties are taxed at higher progressive rates. From 1 January 2024, the first $30,000 of Annual Value is taxed at 12%, the next $15,000 at 20%, the next $15,000 at 28%, and Annual Value above $60,000 at 36%.

Property tax is higher for rented-out or non-owner-occupied residential property because it is taxed under the non-owner-occupier rate structure. These rates start from 12% and can rise to 36%, while owner-occupier rates start at 0% for the first $12,000 of Annual Value.

Yes. Property tax still applies even if the property is vacant. A vacant residential property is generally treated as non-owner-occupied unless the owner qualifies for owner-occupier treatment under IRAS rules.

Yes. Property tax applies to HDB flats. If the owner lives in the HDB flat, owner-occupier rates may apply. If the flat is rented out or not occupied by the owner, non-owner-occupier residential rates may apply.

Yes. Property tax applies to private residential properties, including condominiums, apartments and landed homes. The tax payable depends on the Annual Value and whether the property is owner-occupied or non-owner-occupied.

Commercial and industrial properties are treated as non-residential properties. IRAS states that non-residential properties such as commercial and industrial buildings and land are taxed at 10% of Annual Value.

Yes. For a rented-out condo, select the non-owner-occupied residential category and enter the property's Annual Value. The calculator can then estimate the annual property tax based on the applicable non-owner-occupier residential rates.

Yes. If you live in the property as the owner, select the owner-occupied residential category and enter the Annual Value. The calculator can estimate the annual property tax based on the owner-occupier rate structure.

Property tax is based on the Annual Value assessed for the property, not necessarily the actual rent collected. Annual Value reflects the estimated annual rent that the property could fetch, excluding certain items, and may differ from the actual rental income received.

No. Property tax and income tax on rental income are separate. Property tax is charged on the property's Annual Value. Rental income tax is part of income tax and applies to taxable rental income after allowable deductions, where relevant.

Property tax is generally billed annually by IRAS. Owners should check their IRAS notice for the exact amount and payment deadline. Late payment may result in penalties.

No. The calculator gives an indicative estimate only. The actual property tax payable depends on the Annual Value assessed by IRAS, property category, owner-occupier status, applicable rates, rebates, exemptions and any IRAS assessment or adjustment.

After using the calculator, compare the estimated tax with your IRAS property tax notice, check whether the correct occupancy category is being used, and consider the impact on your holding cost, rental yield or purchase affordability. For a binding position, refer to IRAS or seek professional advice.