Answer
Property Tax Owner-Occupied Rates — Singapore
The full progressive rate table, how Annual Value works, and what you’ll actually pay for your HDB, condo, or landed home.
Answer: Owner-occupied property tax in Singapore uses progressive rates from 0% to 32% based on your property’s Annual Value (AV). The first $8,000 of AV is tax-free. A typical condo with AV of $36,000 pays about $1,120/year. Non-owner-occupied properties pay 12%–36% — roughly 3–5x more. IRAS assesses AV based on estimated market rent.
Owner-Occupied Property Tax Rates (2026)
Progressive rates 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 Rates (Comparison)
For investment properties, vacant properties, or properties rented out entirely
| Annual Value Band | Non-Owner-Occ Rate | vs Owner-Occ Rate |
|---|---|---|
| First $30,000 | 12% | 0–4% |
| $30,001 – $45,000 | 20% | 6–8% |
| $45,001 – $60,000 | 28% | 8–10% |
| Above $60,000 | 36% | 12–32% |
Non-owner-occupied rates effective from 1 Jan 2024. Source: IRAS.
Worked Examples
Property tax for common AVs, owner-occupied vs non-owner-occupied
| Property Type | AV | Owner-Occ Tax/yr | Non-Owner Tax/yr | Savings |
|---|---|---|---|---|
| 4-room HDB | $12,000 | $160 | $1,440 | $1,280 |
| 5-room HDB | $16,800 | $352 | $2,016 | $1,664 |
| EC / mass-market condo | $30,000 | $880 | $3,600 | $2,720 |
| Mid-range condo | $48,000 | $2,120 | $7,440 | $5,320 |
| Large condo / landed | $72,000 | $4,720 | $12,960 | $8,240 |
| Bungalow / GCB | $120,000 | $12,680 | $26,400 | $13,720 |
AV is approximate for illustration. Actual AV depends on comparable market rents in your area. Check IRAS myTax Portal for your property’s AV.
How Annual Value (AV) Is Assessed
What AV represents
AV is the estimated gross annual rent your property could fetch if rented out, based on comparable rental transactions. It excludes furniture, fittings, and maintenance fees. IRAS reviews and adjusts AVs annually.
Typical AV ranges
| Property Type | Typical AV Range | Implied Monthly Rent |
|---|---|---|
| 3-room HDB | $8,400–$12,000 | $700–$1,000 |
| 4-room HDB | $10,800–$16,800 | $900–$1,400 |
| 5-room HDB | $14,400–$21,600 | $1,200–$1,800 |
| Mass-market condo (2BR) | $24,000–$36,000 | $2,000–$3,000 |
| Mid-range condo (3BR) | $36,000–$60,000 | $3,000–$5,000 |
| Landed home | $48,000–$180,000+ | $4,000–$15,000+ |
Objecting to your AV
If you think IRAS overestimated your AV, you can file an objection within 30 days of receiving the Notice of Annual Value. Provide evidence such as comparable rental data in your area. IRAS will review and may adjust.
Property Tax Timeline
| When | What Happens |
|---|---|
| December | IRAS issues Property Tax Bill for the following year |
| 31 January | Payment due date (one-time payment) |
| Monthly | GIRO instalments available (interest-free, 12 monthly payments) |
| Mid-year (if AV changes) | Revised Property Tax Notice issued, with adjusted amount |
| Within 30 days of notice | Deadline to file AV objection with IRAS |
Planning your property purchase?
Property tax is one of the ongoing costs. See the full picture — stamp duty, monthly mortgage, and cash needed at closing.
FAQ
What are the owner-occupied property tax rates in Singapore?
Owner-occupied residential property tax uses progressive rates from 0% to 32%. The first $8,000 of Annual Value (AV) is taxed at 0%, the next $22,000 at 4%, then escalating through 6%, 8%, 10%, 12%, 14%, 16%, 18%, 20% bands, up to 32% on AV above $130,000. Most HDB owners pay very little; condo and landed owners pay more due to higher AV.
How is Annual Value (AV) determined?
IRAS determines the Annual Value (AV) of your property based on the estimated gross annual rent it could fetch if rented out, excluding furnishing, furniture, and maintenance fees. IRAS reviews AVs annually based on comparable rental transactions in the area. You can check your property's AV on the IRAS myTax Portal.
What is the difference between owner-occupied and non-owner-occupied rates?
Owner-occupied rates are significantly lower. For example, at AV of $36,000, an owner-occupier pays about $440/year while a non-owner-occupier (investor) pays about $3,960/year. Non-owner-occupied rates range from 12% to 36%, versus 0% to 32% for owner-occupied. The gap incentivises owner-occupation over investment.
How do I qualify for owner-occupied property tax rates?
You must live in the property as your primary residence and apply to IRAS for the owner-occupied concession. Singapore Citizens, PRs, and foreigners who own and live in the property can apply. If you rent out the entire property, you lose the concession. Renting out a room while living there is generally fine — you keep the owner-occupied rate.
When does IRAS send property tax notices?
IRAS typically sends property tax bills in December for the following year. Payment is due by 31 January. You can pay in monthly GIRO instalments (interest-free) or a one-time payment. If your AV changes, IRAS will notify you separately with a Revised Property Tax Notice, usually around mid-year.
How much property tax does a typical condo owner pay?
A condo with AV of $30,000 (roughly a $1M–$1.5M unit) pays about $440/year under owner-occupied rates. At AV of $48,000 (roughly $1.5M–$2M), it’s about $2,360/year. At AV of $72,000 ($3M+ property), about $6,560/year. Compare this with non-owner-occupied: the same AV $48,000 property would cost $6,120/year.
Related
- Property Tax on a Condo — How Much? — worked examples by condo price
- Condo Maintenance Fees — $300–$800/month typical
- HDB Rental Income Tax — how rental income is taxed
- Landed Property Buying Guide — costs and rules for terrace, semi-D, bungalow
- Total Cost of Buying a Condo — every fee and charge itemised
Last updated Feb 2026. Rates effective 1 Jan 2024 per IRAS. AV ranges are estimates — check your actual AV on IRAS myTax Portal. This is informational, not tax advice.