Answer
Private Property Tax Rates — Owner-Occupied vs Investor
Living in your condo vs renting it out makes a huge difference in property tax. Here’s the full rate table, worked examples, and what you’ll actually pay at common Annual Values.
Answer: Private property tax in Singapore uses progressive rates based on Annual Value (AV). Owner-occupied rates range from 0% to 32%. Non-owner-occupied (investor) rates range from 12% to 36%. A condo with AV of $48,000 pays $2,120/year if you live in it, versus $7,440/year if it’s an investment — a 3.5x difference.
Owner-Occupied Property Tax Rates (2026)
Progressive tiers on Annual Value (AV)
| Annual Value Band | Rate | Tax on Band | Cumulative Tax |
|---|---|---|---|
| First $8,000 | 0% | $0 | $0 |
| $8,001 – $30,000 | 4% | $880 | $880 |
| $30,001 – $40,000 | 6% | $600 | $1,480 |
| $40,001 – $50,000 | 8% | $800 | $2,280 |
| $50,001 – $60,000 | 10% | $1,000 | $3,280 |
| $60,001 – $70,000 | 12% | $1,200 | $4,480 |
| $70,001 – $80,000 | 14% | $1,400 | $5,880 |
| $80,001 – $90,000 | 16% | $1,600 | $7,480 |
| $90,001 – $100,000 | 18% | $1,800 | $9,280 |
| $100,001 – $110,000 | 20% | $2,000 | $11,280 |
| $110,001 – $120,000 | 22% | $2,200 | $13,480 |
| $120,001 – $130,000 | 24% | $2,400 | $15,880 |
| Above $130,000 | 32% | Varies | Varies |
Rates effective from 1 Jan 2024 (phased in from 2023 Budget). Source: IRAS.
Non-Owner-Occupied (Investor) Rates
For investment properties, vacant units, or fully rented-out homes
| Annual Value Band | Rate | Tax on Band | Cumulative Tax |
|---|---|---|---|
| First $30,000 | 12% | $3,600 | $3,600 |
| $30,001 – $45,000 | 20% | $3,000 | $6,600 |
| $45,001 – $60,000 | 28% | $4,200 | $10,800 |
| Above $60,000 | 36% | Varies | Varies |
Non-owner-occupied rates effective from 1 Jan 2024. Source: IRAS.
Worked Examples — Owner vs Investor
Side-by-side property tax at common Annual Values for private property
| Property Type | AV | Owner-Occ Tax/yr | Investor Tax/yr | Difference |
|---|---|---|---|---|
| Mass-market condo (2BR) | $30,000 | $880 | $3,600 | $2,720 |
| Mid-range condo (3BR) | $48,000 | $2,120 | $7,440 | $5,320 |
| Large condo / penthouse | $72,000 | $4,760 | $15,120 | $10,360 |
| Landed terrace | $60,000 | $3,280 | $10,800 | $7,520 |
| Semi-detached | $96,000 | $8,560 | $23,760 | $15,200 |
| Bungalow / GCB | $150,000 | $22,280 | $43,200 | $20,920 |
AVs are typical estimates. Check your actual AV on the IRAS myTax Portal. Investor rates apply if the property is fully rented out or left vacant.
Annual Value by Property Price (Rough Guide)
AV is based on market rent, not purchase price — but they correlate
| Property Price Range | Typical AV | Implied Monthly Rent |
|---|---|---|
| $800,000 – $1,200,000 | $24,000 – $30,000 | $2,000 – $2,500 |
| $1,200,000 – $1,800,000 | $30,000 – $42,000 | $2,500 – $3,500 |
| $1,800,000 – $2,500,000 | $42,000 – $60,000 | $3,500 – $5,000 |
| $2,500,000 – $4,000,000 | $60,000 – $96,000 | $5,000 – $8,000 |
| $4,000,000+ | $96,000+ | $8,000+ |
These are rough estimates. AV can vary significantly by location, floor, and unit size even within the same price range.
Step-by-Step Calculation — AV of $48,000
Owner-Occupied
| Band | Portion | Rate | Tax |
|---|---|---|---|
| First $8,000 | $8,000 | 0% | $0 |
| $8,001 – $30,000 | $22,000 | 4% | $880 |
| $30,001 – $40,000 | $10,000 | 6% | $600 |
| $40,001 – $48,000 | $8,000 | 8% | $640 |
| Total | $2,120/year | ||
Non-Owner-Occupied (Investor)
| Band | Portion | Rate | Tax |
|---|---|---|---|
| First $30,000 | $30,000 | 12% | $3,600 |
| $30,001 – $45,000 | $15,000 | 20% | $3,000 |
| $45,001 – $48,000 | $3,000 | 28% | $840 |
| Total | $7,440/year | ||
Same condo, same AV — but the investor pays 3.5x more in property tax. That’s $5,320/year or about $443/month extra, which directly eats into rental yield.
Buying a condo? Know your total costs
Property tax is just one ongoing cost. Get the full picture — stamp duty, mortgage, maintenance fees, and total cash needed.
FAQ
How much property tax does a private condo owner pay in Singapore?
It depends on whether you live in the condo (owner-occupied) or rent it out (non-owner-occupied). A condo with Annual Value of $36,000 pays about $1,120/year if owner-occupied, versus $5,280/year if rented out as an investment. The difference is massive — owner-occupied rates start at 0%, while non-owner-occupied rates start at 12%.
What is Annual Value and how does IRAS calculate it?
Annual Value (AV) is the estimated gross annual rent your property could earn if rented out. IRAS determines this based on comparable rental transactions in your area, excluding furniture, fittings, and maintenance fees. AV is reviewed annually — if rents in your area go up, your AV and property tax go up too.
What are the owner-occupied property tax rates for 2026?
Owner-occupied rates are progressive: 0% on first $8,000 AV, 4% on next $22,000, 6% on next $10,000, 8% on next $10,000, 10% on next $10,000, 12% on next $10,000, and so on up to 32% on AV above $130,000. These rates have been in effect since 1 Jan 2024.
What are the non-owner-occupied (investor) property tax rates?
Non-owner-occupied rates are much steeper: 12% on first $30,000 AV, 20% on next $15,000, 28% on next $15,000, and 36% on everything above $60,000. For a condo with AV of $48,000, that works out to $7,440/year — versus $2,120 if you lived in it.
How do I qualify for owner-occupied property tax rates?
You must live in the property as your main home and apply to IRAS for the owner-occupier concession. Singapore Citizens, PRs, and foreigners who own and reside in the property all qualify. Renting out a room while living there is fine — you keep the concession. Renting out the whole unit means you lose it.
Can I estimate my property tax from my condo price?
Roughly, yes. A $1M–$1.5M condo typically has an AV of $24,000–$36,000. A $1.5M–$2.5M condo has an AV of $36,000–$60,000. A $3M+ property can have AV of $72,000 or more. AV is based on rental value, not purchase price — but they correlate. Check your actual AV on the IRAS myTax Portal.
Related
- Owner-Occupied Rate Table — full progressive tiers
- Property Tax on a Condo — How Much? — worked examples by price
- Condo Maintenance Fees — another ongoing cost
- Condo Rental Yield Singapore — factor in property tax
- Total Cost of Buying a Condo — every fee itemised
Last updated Feb 2026. Owner-occupied and non-owner-occupied rates effective 1 Jan 2024 per IRAS. AV figures are estimates — check your actual AV on IRAS myTax Portal. This is informational, not tax advice.