Answer
How Much Property Tax on a Condo? — 2026 Rates
Property tax in Singapore is based on your condo's Annual Value (AV), not its purchase price. The rates differ massively depending on whether you live in it or rent it out. Here are the 2026 numbers.
Answer: Depends on Annual Value (AV). Owner-occupied condo with AV $30,000: approximately $1,080/year. Non-owner-occupied (rented out): approximately $3,000/year. Owner-occupied rates: 0–4% progressive. Non-owner rates: 12–36% progressive. There's a 15% one-off rebate for owner-occupied homes in 2026 (capped at $1,000).
Owner-Occupied Tax Rates (2026)
Progressive rates on Annual Value
| AV Band | Rate | Tax on Band |
|---|---|---|
| First $8,000 | 0% | $0 |
| Next $22,000 | 4% | $880 |
| Next $10,000 | 5% | $500 |
| Next $15,000 | 7% | $1,050 |
| Next $15,000 | 10% | $1,500 |
| Next $15,000 | 14% | $2,100 |
| Next $15,000 | 20% | $3,000 |
| Above $100,000 | 32% | — |
Most condo owners fall in the 0–4% bands. The first $8,000 of AV is tax-free.
Non-Owner-Occupied Tax Rates (2026)
For investment properties and vacant units
| AV Band | Rate | Tax on Band |
|---|---|---|
| First $30,000 | 12% | $3,600 |
| Next $15,000 | 20% | $3,000 |
| Next $15,000 | 28% | $4,200 |
| Above $60,000 | 36% | — |
Non-owner-occupied rates are 3–9x higher than owner-occupied. This is a significant cost for landlords.
Worked Examples — Common Condo AVs
How much you actually pay per year
| Annual Value | Owner-Occupied | Non-Owner | Difference |
|---|---|---|---|
| $20,000 | $480 | $2,400 | $1,920 |
| $25,000 | $680 | $3,000 | $2,320 |
| $30,000 | $880 | $3,600 | $2,720 |
| $36,000 | $1,180 | $4,800 | $3,620 |
| $42,000 | $1,600 | $5,960 | $4,360 |
| $50,000 | $2,160 | $7,600 | $5,440 |
AV $30,000 is typical for a 3-bedroom condo outside the city centre. CCR condos tend to have AVs of $36,000–$50,000+.
Typical AVs by Condo Type
What to expect based on your condo
| Condo Type | Typical AV Range | Owner-Occ Tax |
|---|---|---|
| 1-bed / Studio (OCR) | $15,000–$20,000 | $280–$480 |
| 2-bed (OCR/RCR) | $20,000–$28,000 | $480–$800 |
| 3-bed (OCR/RCR) | $28,000–$36,000 | $800–$1,180 |
| 3-bed (CCR) | $36,000–$50,000 | $1,180–$2,160 |
| 4-bed / Penthouse | $50,000–$80,000 | $2,160–$5,960 |
OCR = Outside Central Region, RCR = Rest of Central Region, CCR = Core Central Region. AVs are estimates based on 2026 market rents.
How to Check Your AV
Go to myTax Portal (mytax.iras.gov.sg) and log in with Singpass
Click Property → View Property Dashboard
Your AV and property tax amount are shown. You can also see historical AVs.
Disagree? File an objection within 30 days of the annual notice.
Factor property tax into your total costs
Property tax is a recurring annual cost on top of your mortgage, maintenance fees, and insurance. Get the full picture.
FAQ
What is Annual Value (AV) and how is it calculated?
Annual Value is the estimated annual rent your property could earn if rented out, as assessed by IRAS. It’s based on market rental rates for similar properties in the area. IRAS reviews AVs annually. A condo worth $1.5–$2M typically has an AV of $25,000–$40,000.
How do I check my property’s AV?
Log in to myTax Portal on the IRAS website. Go to Property > View Property Dashboard. Your AV is shown there. You can also object to the AV within 30 days of the annual notice if you think it’s too high.
What is the difference between owner-occupied and non-owner-occupied rates?
Owner-occupied rates are much lower (0–4% for most condos). Non-owner-occupied rates start at 12% and go up to 36%. If you live in the condo, apply for owner-occupied status on IRAS. If you rent it out, you’ll pay the higher rates.
When do I pay property tax?
Property tax is billed annually in December for the following year. Payment is due by 31 January. You can opt for monthly GIRO instalments (12 equal payments). Late payment incurs a 5% penalty.
Is there a property tax rebate in 2026?
Yes. The government announced a one-off 15% property tax rebate for owner-occupied residential properties in 2026, capped at $1,000. This is automatically applied to your bill. Non-owner-occupied properties do not get this rebate.
What if I buy a condo but haven’t moved in yet?
Non-owner-occupied rates apply until you move in and apply for owner-occupied status with IRAS. If the condo is vacant (not rented), you still pay non-owner-occupied rates. Apply as soon as you move in to switch to the lower rate.
Related
Last updated Feb 2026. Property tax rates per IRAS. Annual Values are estimates based on market rents. This is general information, not tax advice.