Property tax rates in Singapore, current and historic
What are the property tax rates for a home in Singapore?
Property tax is charged on a home's annual value: an owner-occupied home pays 0% on the first S$12,000, 4% on the next S$28,000, 6% on the next S$10,000, 10% on the next S$25,000, 14% on the next S$10,000, 20% on the next S$15,000, 26% on the next S$40,000 and 32% on the rest of annual value, and a non-owner-occupied home pays 12% on the first S$30,000, 20% on the next S$15,000, 28% on the next S$15,000 and 36% on the rest of annual value. The rates have changed four times since 1 Jan 2015.
In force today
Owner-occupied
| 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% |
Non-owner-occupied
| Annual value | Rate |
|---|---|
| First S$30,000 | 12% |
| S$30,000 to S$45,000 | 20% |
| S$45,000 to S$60,000 | 28% |
| Above S$60,000 | 36% |
What changed, and when
Owner-occupied, From 1 Jan 2024 to 31 Dec 2024
| Annual value | Rate |
|---|---|
| First S$8,000 | 0% |
| S$8,000 to S$30,000 | 4% |
| S$30,000 to S$40,000 | 6% |
| S$40,000 to S$55,000 | 10% |
| S$55,000 to S$70,000 | 14% |
| S$70,000 to S$85,000 | 20% |
| S$85,000 to S$100,000 | 26% |
| Above S$100,000 | 32% |
Source: IRAS property tax rates for residential property for 2024, on annual value. Last checked against the published rules on 18 Sept 2026.
Non-owner-occupied, From 1 Jan 2024 to 31 Dec 2024
| Annual value | Rate |
|---|---|
| First S$30,000 | 12% |
| S$30,000 to S$45,000 | 20% |
| S$45,000 to S$60,000 | 28% |
| Above S$60,000 | 36% |
Source: IRAS property tax rates for residential property for 2024, on annual value. Last checked against the published rules on 18 Sept 2026.
Owner-occupied, From 1 Jan 2023 to 31 Dec 2023
| Annual value | Rate |
|---|---|
| First S$8,000 | 0% |
| S$8,000 to S$30,000 | 4% |
| S$30,000 to S$40,000 | 5% |
| S$40,000 to S$55,000 | 7% |
| S$55,000 to S$70,000 | 10% |
| S$70,000 to S$85,000 | 14% |
| S$85,000 to S$100,000 | 18% |
| Above S$100,000 | 23% |
Source: IRAS, Property Tax Rates, table "Tax rate effective from 1 Jan 2023 to 31 Dec 2023" (owner-occupier) and the matching non-owner-occupier table, read 2026-09-27. Last checked against the published rules on 27 Sept 2026.
Non-owner-occupied, From 1 Jan 2023 to 31 Dec 2023
| Annual value | Rate |
|---|---|
| First S$30,000 | 11% |
| S$30,000 to S$45,000 | 16% |
| S$45,000 to S$60,000 | 21% |
| Above S$60,000 | 27% |
Source: IRAS, Property Tax Rates, table "Tax rate effective from 1 Jan 2023 to 31 Dec 2023" (owner-occupier) and the matching non-owner-occupier table, read 2026-09-27. Last checked against the published rules on 27 Sept 2026.
Owner-occupied, From 1 Jan 2015 to 31 Dec 2022
| Annual value | Rate |
|---|---|
| First S$8,000 | 0% |
| S$8,000 to S$55,000 | 4% |
| S$55,000 to S$70,000 | 6% |
| S$70,000 to S$85,000 | 8% |
| S$85,000 to S$100,000 | 10% |
| S$100,000 to S$115,000 | 12% |
| S$115,000 to S$130,000 | 14% |
| Above S$130,000 | 16% |
Source: IRAS, Property Tax Rates, table "Tax rate effective from 1 Jan 2015 to 31 Dec 2022" (owner-occupier) and the matching non-owner-occupier table, read 2026-09-27. Last checked against the published rules on 27 Sept 2026.
Non-owner-occupied, From 1 Jan 2015 to 31 Dec 2022
| Annual value | Rate |
|---|---|
| First S$30,000 | 10% |
| S$30,000 to S$45,000 | 12% |
| S$45,000 to S$60,000 | 14% |
| S$60,000 to S$75,000 | 16% |
| S$75,000 to S$90,000 | 18% |
| Above S$90,000 | 20% |
Source: IRAS, Property Tax Rates, table "Tax rate effective from 1 Jan 2015 to 31 Dec 2022" (owner-occupier) and the matching non-owner-occupier table, read 2026-09-27. Last checked against the published rules on 27 Sept 2026.
Work it out on the matching calculator.
Where these rates come from
- Property tax: rates in force since 1 Jan 2025. Source: IRAS, owner-occupier annual value bands raised from 1 Jan 2025 (Budget 2024); non-owner-occupied bands as before. IRAS, Property Tax Rates: non-residential property is taxed at a flat 10% of annual value, as stated on that page, read 2026-09-27. Last checked against the published rules on 27 Sept 2026.
Every figure on this page is read from our versioned rules, checked against IRAS, MAS and the CPF Board on 18 Sept 2026.
Indicative figures only, not tax, legal or financial advice. Confirm stamp duty with IRAS and loan limits with your bank or HDB before you commit.
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Seller's stamp duty rates in force today, by years held since purchase, plus every past SSD schedule since it began in 2010.
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How much of the price a bank can lend today (LTV), the total debt servicing and mortgage servicing ratios, and every past version of both since 2013.