Property tax is the yearly tax on property ownership in Singapore, calculated by applying the applicable tax rate to the property’s Annual Value (AV) and administered by IRAS.
Key takeaways
- Property tax is calculated as Annual Value multiplied by the property tax rate that applies to the property.
- Owner-occupied residential property is taxed on a progressive scale from 0% to 32% of AV, under the bands effective from 1 January 2025 and applied to the 2026 bill.
- Residential property the owner does not live in is taxed on a higher progressive scale, from 12% to 36% of AV.
- All non-residential property, including commercial and industrial buildings and land, is taxed at a flat 10% of AV.
- For 2026, a one-off rebate of 15% applies to owner-occupied HDB flats and 10%, capped at SGD 500, to owner-occupied private homes.
How property tax is calculated
Annual property tax is worked out by multiplying the Annual Value (AV) of the property by the tax rate that applies to it. The AV is IRAS’s estimate of the gross annual rent the property could fetch if it were rented out. Because property tax is a tax on ownership rather than on rental income, it is payable whether the property is owner-occupied, rented out or left vacant.
The three sets of rates
- Owner-occupied residential property — progressive rates from 0% on the first SGD 12,000 of AV up to 32% on the portion above SGD 140,000 (effective 1 January 2025)
- Residential property that is not owner-occupied — progressive rates from 12% on the first SGD 30,000 of AV up to 36% on the portion above SGD 60,000 (effective 1 January 2024)
- All other property, including commercial and industrial buildings and land — a flat 10% of AV
The 2026 property tax bill
2026 property tax bills were issued from December 2025 and were payable by 31 January 2026. The Government granted a one-off 2026 rebate of 15% of the tax payable for owner-occupied HDB flats and 10%, capped at SGD 500, for owner-occupied private residential properties, offset automatically against the bill. Owner-occupiers of one- and two-room HDB flats continue to pay no property tax.
Key property tax figures (2026)
| Item | Figure |
|---|---|
| Owner-occupier residential rates (from 1 Jan 2025) | 0% to 32% of AV |
| Non-owner-occupier residential rates (from 1 Jan 2024) | 12% to 36% of AV |
| Non-residential property | 10% of AV |
| Owner-occupier nil-rate band | first SGD 12,000 of AV at 0% |
| 2026 one-off rebate | 15% (owner-occupied HDB) / 10% capped at SGD 500 (private) |
Figures as at 2026. Source: IRAS.
Worked example
A home with an Annual Value of SGD 36,000 taxed at owner-occupier rates pays 0% on the first SGD 12,000 and 4% on the next SGD 24,000, giving property tax of SGD 960 for 2026 before any rebate. The same AV taxed at non-owner-occupier rates would give SGD 4,800.
Related terms
All Singapore glossary terms →Related calculator
Estimate annual property tax from a property’s Annual Value using the IRAS rate bands.
This page is provided for educational and informational purposes only. It does not constitute financial advice. All figures and worked examples are estimates for illustrative purposes, are subject to change, and do not reflect any individual’s circumstances. Always refer to IRAS and seek independent professional advice before making any financial decisions.