By The Address desk · Last verified 28 September 2026
Property tax is charged on your home’s annual value (AV): the rent IRAS estimates it could fetch in a year. If you live in it, the owner-occupier rates apply. They’re progressive, from 0 per cent on the first S$12,000 of AV to 32 per cent above S$140,000. A home with an AV of S$46,000 pays S$1,480 a year as an owner-occupied home, but S$6,880 if it’s rented out. One- and two-room HDB flats pay nothing, and the government has granted a rebate on owner-occupied homes for 2026.
Quick facts
- Tax is charged on annual value, the estimated yearly rent.
- Owner-occupier rates run from 0% to 32%.
- The first S$12,000 of AV is tax-free, since the bands were widened in 2025.
- One- and two-room HDB flats pay no property tax.
- Homes that aren’t owner-occupied pay much higher rates.
- Find your AV on the myTax Portal with Singpass.
What are the owner-occupier rates?
| Portion of annual value | Rate |
|---|---|
| First S$12,000 | 0% |
| S$12,000 to S$40,000 | 4% |
| S$40,000 to S$50,000 | 6% |
| S$50,000 to S$75,000 | 10% |
| S$75,000 to S$85,000 | 14% |
| S$85,000 to S$100,000 | 20% |
| S$100,000 to S$140,000 | 26% |
| Above S$140,000 | 32% |
The bands were widened from 1 January 2025; the rates themselves didn’t change. Most HDB flats pay only in the 4 per cent band.
A worked example
For an owner-occupied home with an annual value of S$46,000:
- First S$12,000 at 0%: S$0.
- Next S$28,000 at 4%: S$1,120.
- Next S$6,000 at 6%: S$360.
- Total: S$1,480 a year, before any rebate.
If the same home were rented out, non-owner-occupier rates would apply, and the tax would come to S$6,880.
Why does my bill change each year?
Because IRAS reviews annual values in line with market rents. When rents rise, AVs rise, and so does the tax, even if the rates stay the same.
Is there a rebate in 2026?
Yes, a one-off rebate for owner-occupied homes, taken off your bill automatically. For private homes, IRAS’s example shows 10 per cent of the 2026 tax, capped at S$500. One- and two-room HDB flats already pay nothing.
How do I get the owner-occupier rates?
They apply when you live in the home. If you apply for them after your bill has been issued, IRAS adjusts the tax once the application is approved, and adds any rebate at the same time.
The WahLiao Verdict
Check your AV on myTax once a year, and make sure the owner-occupier rates are on your home. Before you rent out the whole place, do the sum: the tax can more than quadruple.
Questions people ask
Where do I find my annual value?
On the myTax Portal, logging in with Singpass.
When does the bill arrive?
IRAS sends property tax bills for the coming year in December, electronically, with an SMS when they’re ready.
Do HDB flats pay property tax?
Yes, except one- and two-room flats. Most pay only at the 4 per cent rate.
Does renting out a room change my rates?
Check with IRAS, as the rules for partial letting differ from renting out the whole home.
Sources: MOF, revision of annual value bands (November 2024); IRAS, property tax reliefs; 99.co on the 2026 rebate and bands; Dollars and Sense, property tax guide (worked example); IRAS, digital property tax bills. This is general information, not tax advice.
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