Singapore Property Tax Calculator 2023
Calculate tax payable based on Annual Value (AV) and residential status
Introduction
🎯 What
Estimates 2023 annual property tax for residential and commercial properties based on IRAS Annual Value (AV) logic.
👥 Who
Property owners (HDB/Private), Landlords, Investors only. Tenants do not pay property tax.
💡 Why
To properly budget for annual property tax payments under Singapore's progressive tax rate structure for 2023.
🏡 Property Information
📊 Applicable Tax Rates (2023)
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
📋 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.
🏠 Property Tax Slabs (2023)
- First $8,000 0%
- Next $47,000 4%
- Next $15,000 6%
- Next $15,000 8%
- Next $15,000 10%
- Above $100,000 14%
- First $30,000 11%
- Next $15,000 16%
- Next $15,000 21%
- Above $60,000 27%
Calculation Examples
1. Owner-Occupied
AV: $60,000
- • First $8k @ 0% = $0
- • Next $47k @ 4% = $1,880
- • Next $5k @ 6% = $300
- • Tax: $2,180
2. Non-Owner-Occupied
AV: $60,000
- • First $30k @ 11% = $3,300
- • Next $15k @ 16% = $2,400
- • Next $15k @ 21% = $3,150
- • Tax: $8,850
3. Commercial
AV: $100,000
- • Flat Rate 10% applied
- • $100,000 × 10%
- • Tax: $10,000
Frequently Asked Questions
Q: Is property tax paid monthly or yearly?
A: Property tax is an annual charge. You can pay it in full or opt for monthly GIRO installments.
Q: Who pays property tax, owner or tenant?
A: The property owner pays property tax, not the tenant.
Q: How is Annual Value determined?
A: IRAS estimates AV based on market rental values of similar properties in the vicinity.
Q: Is vacant property taxable?
A: Yes, property tax applies regardless of occupancy status.
Q: Can I appeal AV?
A: Yes, you can file an objection with IRAS if you believe the AV is incorrect.
Disclaimer: This Singapore Property Tax Calculator 2023 is for informational and Google AdSense purposes only. Tax rules and rates are based on general IRAS guidelines for 2023 and may change. ANTIGRAVITY does not provide legal, financial, or tax advisory services. Please consult IRAS or a qualified tax professional for official assessment.