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How is the annual value of my property calculated?
The annual value (AV) is the estimated annual rent of your property if it were to be rented out, excluding the furniture, furnishings and maintenance fees. It is determined after analysing the rents of similar or comparable properties. The basis of determining the AV is the same whether the property is rented out at high or low rental rates, owner-occupied or left vacant.
What is the property tax rate?
The current tax rate is 10% for all properties. However, if you own and occupy your home, you are eligible for lower owner-occupier’s concession rates as follows:
Annual Value ($)
Tax Rate (%)
Amount exceeding 65,000
For more information on how property tax is computed, please visit the IRAS
How do I apply for the owner-occupier concession?
IRAS notifies all new home owners of the owner-occupier concession and invites them to apply for it if they are eligible. As Housing Board flats are generally owner-occupied in the initial years, the owner-occupier concession is automatically granted to owners of newly purchased HDB homes. Since 1 Jan 2011, IRAS has also extended the automatic granting of the concession to owners of newly purchased private homes, for owners of one residential property intended for occupation. Eligible owner-occupiers can apply for the concessionary tax rates online through
For more information on owner-occupier concessionary tax rates, please visit the
Property owners may also contact IRAS at 1800 356 8300 or email@example.com.
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