Property tax

Property tax is imposed at 10% on the annual value of commercial and industrial (non-residential) properties.

On non-owner occupied residential properties and owner-occupied residential properties, multi-tier progressive tax rates will apply. The annual property tax is then calculated by multiplying the annual value of the property with the applicable Property Tax Rates. For non-owner occupied residential property, a specific exclusion list exists for properties holding planning approval for the specific use of the property. A flat 10% rate will also apply. The exclusion list includes hospitals, hotels, serviced apartments, etc. 

Owner-Occupied Residential Property

Annual Value (SGD)

Progressive Tax Rates 

First $8,000

0%

Next $22,000

4%

Next $10,000

5%

Next $15,000

7%

Next $15,000

10%

Next $15,000

14%

Next $15,000

18%

Above $100,000

23%

Non- Owner Occupied Residential Property

Annual Value (SGD)

Progressive Tax Rates 

First $30,000

11%

Next $15,000

16%

Next $15,000

21%

Above $60,000

                             27%

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