Singapore Property Tax Calculator 2022
Calculate tax payable based on Annual Value (AV) and residential status
Introduction
🎯 What
Property Tax is an annual tax levied on all property owners in Singapore. It is calculated based on the Annual Value (AV) — the estimated gross annual rent the property could fetch if it were rented out. The tax applies to both residential and non-residential properties, including HDB flats, private homes, commercial buildings, and industrial properties.
👥 Who
All property owners in Singapore must pay Property Tax, including homeowners (HDB and private), landlords renting out properties, investors holding investment properties, and commercial property owners. The tax is based on ownership, not occupancy, so even vacant properties are taxable.
💡 Why
Property Tax is important for budgeting annual property ownership costs in Singapore. The progressive rate structure means higher-value properties and investment properties face higher tax rates. Understanding your liability helps in financial planning, especially for landlords and investors managing multiple properties.
🏡 Property Information
📊 Applicable Tax Rates (2022)
Rates update automatically based on property selection.
🎁 Allowances & Deductions
No Expense Deductions
Singapore Property Tax is based on AV. Maintenance costs, mortgage interest payments, property agent fees, and other expenses are not deductible from property tax calculations.
Owner-Occupier Relief
Lower progressive tax rates are automatically applied if you select "Owner-Occupied Residential". Owner-occupied properties enjoy significantly lower rates (0%-16%) compared to non-owner-occupied properties (10%-20%).
Property Tax Rebates (2022)
The Singapore government may provide property tax rebates for owner-occupied residential properties in Budget 2022. These rebates are typically applied automatically by IRAS and vary by property type (HDB vs private). This calculator shows gross tax before rebates.
💵 Tax Summary
Enter Annual Value to see tax estimate.
Detailed Tax Breakdown
Singapore Property Tax Overview (2022)
📋 Tax Basis: Annual Value (AV)
Property tax in Singapore is calculated based on the Annual Value (AV) of the property. The AV 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 the AV based on market rental data of comparable properties.
🏠 Property Tax Slabs (2022)
- First $8,000 0%
- Next $22,000 4%
- Next $40,000 6%
- Next $60,000 8%
- Next $870,000 10%
- Above $1,000,000 16%
- First $30,000 10%
- Next $15,000 12%
- Next $15,000 14%
- Next $15,000 16%
- Next $15,000 18%
- Above $90,000 20%
Non-residential properties such as shops, offices, factories, and warehouses are taxed at a flat rate of 10% of the Annual Value for 2022.
🔧 How Tax is Computed
For residential properties, tax is computed using progressive rates applied to different portions of the AV. For owner-occupied properties, the first $8,000 of AV is tax-free, then subsequent portions are taxed at increasing rates. Non-owner-occupied properties face higher progressive rates starting from 10%. Non-residential properties are taxed at a simple flat rate of 10%.
Calculation Examples (2022)
1. Owner-Occupied
AV: $15,000
- • First $8,000 @ 0% = $0
- • Next $7,000 @ 4% = $280
- • Total Tax: $280
2. Non-Owner-Occupied
AV: $60,000
- • First $30,000 @ 10% = $3,000
- • Next $15,000 @ 12% = $1,800
- • Next $15,000 @ 14% = $2,100
- • Total Tax: $6,900
3. Commercial
AV: $50,000
- • Flat Rate 10% applied
- • $50,000 × 10%
- • Total Tax: $5,000
Frequently Asked Questions
Q: What is Property Tax in Singapore?
A: Property Tax is an annual tax on property ownership in Singapore. It is calculated based on the Annual Value (AV) of the property and collected by the Inland Revenue Authority of Singapore (IRAS). All property owners must pay this tax, regardless of whether the property is occupied, rented, or vacant.
Q: Who must pay Property Tax in Singapore?
A: All property owners in Singapore must pay Property Tax, including HDB flat owners, private home owners, landlords, property investors, and commercial property owners. The tax is based on ownership, not usage, so even if your property is vacant or under renovation, you are still liable for property tax.
Q: How is Annual Value (AV) calculated?
A: The Annual Value (AV) is determined by IRAS based on the estimated gross annual rent the property could fetch if it were rented out. IRAS uses market rental data from comparable properties in the same area. The AV excludes furniture, furnishings, and maintenance fees. Property owners receive a Notice of Annual Value from IRAS and can appeal if they believe it is inaccurate.
Q: What is the difference between owner-occupied and non-owner-occupied?
A: Owner-occupied residential properties are homes where the owner lives permanently as their primary residence. Non-owner-occupied properties include investment properties, rental properties, second homes, and vacant properties. The key difference is in tax rates: owner-occupied properties enjoy lower progressive rates (0%-16% in 2022) while non-owner-occupied properties face higher rates (10%-20% in 2022).
Q: Are there rebates or reliefs available?
A: Yes, the Singapore government periodically provides property tax rebates, especially for owner-occupied residential properties. These rebates are typically announced in the annual Budget and vary by property type (HDB flats usually receive higher rebates than private properties). Rebates are applied automatically by IRAS to eligible properties. Additionally, owner-occupied properties automatically enjoy lower progressive tax rates as a form of relief.
Q: How do I apply for property tax exemptions?
A: Property tax exemptions in Singapore are rare and typically apply only to specific categories such as diplomatic properties, certain charitable institutions, or properties used for approved religious purposes. If you believe your property qualifies for an exemption, you should contact IRAS directly with supporting documentation. Most residential and commercial properties do not qualify for exemptions, though rebates may be available.
Q: Does vacancy reduce property tax?
A: No, property tax is a tax on property ownership and is payable regardless of whether the property is rented out, owner-occupied, or vacant. The tax is based on the Annual Value (estimated rental potential), not actual rental income or occupancy status.
Q: Is mortgage interest deductible from property tax?
A: No, Singapore's property tax system does not allow deductions for mortgage interest, maintenance costs, property agent fees, or any other expenses. Property tax is calculated purely on the Annual Value without any deductions.
⚠️ Important Disclaimer
Educational and Informational Purposes Only: This Singapore Property Tax Calculator 2022 is provided solely for educational, informational, and Google AdSense advertising purposes. It is designed to help users estimate their property tax liability based on publicly available IRAS tax rates and guidelines for the year 2022.
Not Official Tax Computation: The results provided by this calculator are estimates only and should not be considered as official tax assessments. Actual property tax amounts are determined by the Inland Revenue Authority of Singapore (IRAS) based on official Annual Value assessments and may include rebates, adjustments, or other factors not reflected in this calculator.
Rates May Change: Property tax rates, slabs, rebates, and policies are subject to change each year as announced in the Singapore Budget. The 2022 rates shown here reflect the tax structure applicable for the 2022 tax year and may not be current for subsequent years.
No Legal or Financial Advice: ANTIGRAVITY and the creators of this calculator do not provide legal, financial, or tax advisory services. This tool does not constitute professional advice. Users should not rely solely on this calculator for tax planning or financial decisions.
Consult Professionals: For official property tax assessments, rebate eligibility, appeal procedures, or specific tax advice, please consult the Inland Revenue Authority of Singapore (IRAS) directly at www.iras.gov.sg or seek guidance from a qualified tax professional or property tax consultant.