Singapore property tax is charged on Annual Value (AV), not price, and is nationality-neutral — foreigners, PRs and citizens pay the same. Per IRAS 2025, the only difference is owner-occupied (0%–32%) vs non-owner-occupied (12%–36%). Two common myths — that it’s based on price, or that foreigners pay more — are both false.
💡 Lucy’s tip: A home you live in (your only one) gets the low rate; a rental or second property gets the higher non-owner rate. Factor property tax into cash flow when planning to hold.
What is Annual Value?
Per IRAS, AV is the estimated annual rent the property could fetch (≈ annual market rent). Property tax = AV × progressive rate. AV is unrelated to price. Estimate with the property tax calculator.
Rates (per IRAS 2025)
Owner-occupied
| Annual Value | Rate |
|---|---|
| First S$12,000 | 0% |
| S$12,001–40,000 | 4% |
| S$40,001–50,000 | 6% |
| S$50,001–75,000 | 10% |
| S$75,001–85,000 | 14% |
| S$85,001–100,000 | 20% |
| S$100,001–140,000 | 26% |
| Above S$140,000 | 32% |
Non-owner-occupied
| Annual Value | Rate |
|---|---|
| First S$30,000 | 12% |
| S$30,001–45,000 | 20% |
| S$45,001–60,000 | 28% |
| Above S$60,000 | 36% |
Worked example (AV = S$36,000)
- Owner-occupied: S$12,000 × 0% + S$24,000 × 4% = S$960/year.
- Non-owner-occupied: S$30,000 × 12% + S$6,000 × 20% = S$4,800/year.
Same home, 5× difference — that’s the value of owner-occupier rates.
Summary
- How: on AV, not price.
- Who’s equal: nationality-neutral.
- Difference: owner 0%–32% vs non-owner 12%–36%.
- Contact Lucy to plan holding and tax across multiple properties.
⚠️ Rates and AV as assessed by IRAS; general information only.