Singapore Property Tax Calculator 2021
Calculate tax payable based on Annual Value (AV) and residential status
Introduction
🎯 What
Singapore Property Tax is an annual tax levied on all properties based on their Annual Value (AV) - the estimated gross annual rent the property could fetch. For 2021, progressive rates apply based on property type and occupancy status.
👥 Who
All property owners in Singapore - including HDB flat owners, private property owners, landlords, commercial property owners, and both citizens and foreigners - must pay property tax annually regardless of occupancy status.
💡 Why
Property tax is crucial for government revenue and urban planning. Owner-occupied properties enjoy lower progressive rates to encourage home ownership, while investment properties face higher rates to moderate property speculation.
🏡 Property Information
📊 Applicable Tax Rates (2021)
Rates update automatically based on property selection.
🎁 Allowances & Deductions
No Expense Deductions
Singapore Property Tax is based on AV. Maintenance, mortgage interest, and other expenses are not deductible.
Owner-Occupier Relief
Lower tax rates are automatically applied if you select "Owner-Occupied Residential".
💵 Tax Summary
Enter Annual Value to see tax estimate.
Detailed Tax Breakdown
Singapore Property Tax Overview (2021)
📋 Tax Basis: Annual Value (AV)
Property tax is calculated based on the Annual Value (AV) of the property, which is the estimated gross annual rent of the property if it were to be rented out, excluding furniture and maintenance fees. IRAS reviews and updates AV periodically based on market rents.
🏠 Property Tax Slabs (2021)
- First $8,000 0%
- Next $47,000 4%
- Next $15,000 6%
- Next $15,000 8%
- Next $15,000 10%
- Above $100,000 12%
- First $30,000 10%
- Next $15,000 12%
- Next $15,000 14%
- Next $15,000 16%
- Next $15,000 18%
- Above $90,000 20%
Flat rate of 10% on the Annual Value.
Calculation Examples
1. Owner-Occupied
AV: $30,000
- • First $8k @ 0% = $0
- • Next $22k @ 4% = $880
- • Tax: $880
2. Non-Owner-Occupied
AV: $50,000
- • First $30k @ 10% = $3,000
- • Next $15k @ 12% = $1,800
- • Next $5k @ 14% = $700
- • Tax: $5,500
3. Commercial
AV: $100,000
- • Flat Rate 10% applied
- • $100,000 × 10%
- • Tax: $10,000
Frequently Asked Questions
Q: What is property tax in Singapore?
A: Property tax is an annual tax levied on all properties in Singapore, calculated based on the property's Annual Value (AV). It is payable by the property owner regardless of whether the property is occupied, rented out, or vacant.
Q: Who must pay property tax?
A: All property owners in Singapore must pay property tax, including owners of HDB flats, condominiums, landed properties, and commercial/industrial properties. Both citizens and foreigners are liable for property tax.
Q: What is Annual Value (AV)?
A: Annual Value is the estimated gross annual rent the property could fetch if it were to be rented out, excluding furniture, furnishings, and maintenance fees. IRAS determines AV based on market rental data.
Q: How is tax rate determined for residential property?
A: Tax rates are progressive and depend on whether the property is owner-occupied or not. Owner-occupied properties enjoy lower rates (0% to 12% in 2021), while non-owner-occupied properties face higher rates (10% to 20% in 2021).
Q: Are there exemptions for owner-occupied properties?
A: While there are no complete exemptions, owner-occupied residential properties benefit from significantly lower progressive tax rates compared to investment properties. The first $8,000 of AV is taxed at 0% for owner-occupied properties.
Q: Does vacancy reduce property tax?
A: No, property tax is based on ownership, not occupancy. You must pay property tax regardless of whether the property is rented out, owner-occupied, or vacant.
Q: Is mortgage interest deductible?
A: No, Singapore's property tax system does not allow deductions for mortgage interest, maintenance costs, agent fees, or any other property-related expenses.
Q: How is commercial property tax calculated?
A: Commercial and industrial properties are taxed at a flat rate of 10% on their Annual Value for 2021. This is simpler than the progressive rates applied to residential properties.
Q: Can tax rates change each year?
A: Yes, the government can adjust property tax rates through Budget announcements. The Annual Value itself is also reviewed periodically by IRAS to reflect current market rental rates.
⚠️ DISCLAIMER: This Singapore Property Tax Calculator 2021 is provided for
informational and educational purposes only, and is designed to be compliant with Google AdSense
content policies. This calculator provides estimated property tax liability based on publicly
available IRAS guidelines and rates applicable for the 2021 tax year.
Tax calculations are estimates based on the Annual Value (AV) you enter and the
property type selected. Actual property tax may differ based on IRAS's official AV
determination, specific property circumstances, government reliefs or rebates (such as property
tax rebates announced in Budget 2021), or regulatory updates.