Answer

Property Tax for Non-Owner Occupied — Investor Rates Singapore 2026

Renting out your property or holding it as an investment? IRAS charges 12–36% of Annual Value — up to 3x what owner-occupiers pay. Here are the exact rates and how much you will owe.

Answer: Non-owner-occupied property tax in Singapore is progressive from 12% to 36% of Annual Value (AV). A typical investment condo with AV of $36,000 pays $4,560/yr in property tax — compared to just $1,460/yr if owner-occupied. That is a $3,100/yr penalty for not living in it. This eats directly into your rental yield.

Non-Owner-Occupied Rates (2026)

Source: IRAS. Effective from 1 Jan 2024.

Annual Value Bracket	Rate	Tax on Bracket
First $30,000	12%	$3,600
Next $15,000 ($30,001–$45,000)	20%	$3,000
Next $15,000 ($45,001–$60,000)	28%	$4,200
Above $60,000	36%	Varies

Owner-Occupied Rates (for Comparison)

Source: IRAS. Effective from 1 Jan 2024.

Annual Value Bracket	Rate	Tax on Bracket
First $8,000	0%	$0
Next $22,000 ($8,001–$30,000)	4%	$880
Next $10,000 ($30,001–$40,000)	6%	$600
Next $15,000 ($40,001–$55,000)	10%	$1,500
Next $15,000 ($55,001–$70,000)	14%	$2,100
Next $15,000 ($70,001–$85,000)	20%	$3,000
Next $15,000 ($85,001–$100,000)	26%	$3,900
Above $100,000	32%	Varies

How Much More Do Investors Pay?

Side-by-side: owner-occupied vs investor rates at the same AV

Property	AV	Owner-Occ Tax	Investor Tax	Extra/Yr
HDB 4-Room (rented)	$18,000	$400	$2,160	+$1,760
Condo $1M (rented)	$28,000	$800	$3,360	+$2,560
Condo $1.5M (rented)	$36,000	$1,460	$4,560	+$3,100
Condo $2M (rented)	$48,000	$2,380	$6,600	+$4,220
Condo $3M (rented)	$66,000	$4,580	$12,480	+$7,900

Impact on Rental Yield

On a $1.5M condo renting at $3,500/mo ($42,000/yr gross), the $4,560 investor property tax reduces your gross yield by 0.3% — from 2.8% to 2.5%. Combined with income tax on rental income (up to 22% marginal rate), MCST fees ($500/mo), and vacancy (assume 1 month/2 years), your net yield can drop below 1.5%.

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FAQ

What is the non-owner-occupied property tax rate in Singapore?

Non-owner-occupied (investor) rates are progressive from 12% to 36% of Annual Value (AV). For a condo with AV of $36,000 (typical for a $1.5M condo renting at $3,000/mo), the annual property tax is $4,320. This is significantly higher than the owner-occupied rate of ~$1,460 for the same AV.

How is Annual Value (AV) determined?

IRAS determines AV based on the estimated annual rent your property could earn, minus maintenance and furniture. They use comparable rents in the area. AV is reviewed annually. For a condo renting at $3,500/mo, AV is roughly $36,000–$42,000 (not exactly 12x rent due to IRAS adjustments).

When do non-owner-occupied rates apply?

Non-owner-occupied rates apply if: (1) the property is rented out, (2) it is vacant and not your main home, or (3) you own it as an investment but live elsewhere. If you live in the property as your main residence, you qualify for owner-occupied rates by applying to IRAS.

Can I switch between owner-occupied and non-owner-occupied rates?

Yes. If you move into a previously rented-out property, notify IRAS to switch to owner-occupied rates. The change applies from the next month. If you rent out your owner-occupied home, you must notify IRAS within 15 days — rates switch to non-owner-occupied from the rental start date.

Can I claim property tax as a deduction against rental income?

Yes. Property tax paid on a rented property is a deductible expense against rental income for income tax purposes. Other deductible expenses include mortgage interest, maintenance fees, agent commissions, repair costs, and fire insurance premiums.

Last updated Feb 2026. Rates from IRAS (effective 1 Jan 2024). Annual Value is reviewed by IRAS annually and may differ from actual rent.