Owner-occupier’s progressive rate effective since 1 January 2011.

In 2010 Budget, government announced that from year 2011, owner-occupier property rate will be change for the previous 4% to Progressive Tax Rate according to property annual value. Existing Property Rate Discount (RM 25 to RM150) will be end after 31 December 2010.

Most owner will benefit from this 0%, 4% & 6% progressive system. Since the annual value of the first $ 6.000 will be exempt from tax, owner will save $240. This means that private & HDB flat owner will pay less from year 2011.

Property tax for annual value exceed $77,000 will be more higher caused new rate is higher than 4%.Non owner-occupier property rate will be 10%.

Property tax is tax payable by the property owner, no matter whether the property is vacant, for self use or for rent.  Income tax is payable only when the owner receives rental from that property. 

Property tax amount is worth a certain percentage of property's yearly value.

Annual value is the amount for a property's annual rental income. Property's annual value is evaluated by similar standard. Inland Revenue Authority of Singapore (IRAS) will evaluate the property's annual value to make sure that it matches the market price.

You can find out your own property's annual value through https://mytax.iras.gov.sg (my Tax > View My property Tax > Viex My Prrop Portfolio.

You can find out others property by each times charges $2.50 through  www.iras.gov.sg > Quick Links > e-Services > Propety > e-Valuation List.

For a property newly completed or still under construction, its value may not be on the Valuation List.

YES. Any objection can be raised within 21 days from the date of notice issued through https://mytax.iras.gov.sg (my Tax Portal) (enter your SingPass >e-Services for Property Tax > File Objection to Annual Value) if you have an argument with your property value for current year.

Property tax is paid annually in advance. IRAS will send out the statement by the end of each year.

Payment should be made before 31 January of next year, otherwise extra 5% fine will be collected.

You may enjoy 12-month interest-free installment if payment is made by GIRO.

Please visit www.iras.gov.sg>Ouick Links > Payments to find out more info.

Property tax amount adjusts if the property value changes. Additional property tax occurs when property value increases. Tax payment should be cleared within one month from the date notice received if payment not made by GIRO.

Example 1: Annual value $9.000

Example 2: Annual value $24.000

Example 3: Annual value 84.000

Property tax amount is worth a certain percentage of property's yearly value.

Currently tax rate for owner-occupier is 10%.

Owner-occupier enjoys preferential progressive tax.

You are meet the conditions for Owner-occupier'sl Tax Rate as long as you individual or couple living in your own homes. This special offer only applicable for individual or couple to own a house. Termination of special rate if you sales out or not longer stay at this property.

If you qualify for above term and condition, but still levy 10% tax rate, please visit: https://myatax.iras.gov.sg(mytTazx Portal) > key in your SingPass > e-Services for Property Tax > Apply for Owner-Occupier”s Tax Rates.

Property tax should be paid before 31 January of each year. You should pay the tax for year 2011 if the selling transaction completes on year 2011. Normally the tax amount will be relocated between buyer and seller by lawyer when you sign the Sales and Purchase Agreement. 

Payment Schedule：Purchase from a completed project

If the buyer holds a Taiwan's passport, s/he will be considered as a foreigner buyer (Citizens and permanent residents of United States / Switzerland / Liechtenstein / Norway and Iceland have same benefits with the Singaporians). Tax and government fee that are required to pay are:

Stamp duty: 3% & ABSD 15%,
Total stamp duty: Total price of property* （ 3 ％ +15 ％ ） - 5,400 ; 
Pay within 14 days from the date the Sales and Purchase Agreement is signed.

Seller's stamp duty: No payment should be made if the property is held for more than 5 years.

其他購買相關房產費用：

1) 政府要求必須指定律師，房產買賣手續將通過委託律師樓辦理，費用幾千新元，取決於不同律師行；

2) 物業管理費，根據社區的管理與維護情況與所持有物業的面積，計算出每個月的物業管理費，一般安季度收取，從百元到上千元不等。

3)  房產稅（產業稅）：
    如果購買房產用於出租，則房產稅計算如下（年值：按區域的平均年租金收入計算）：

如果購買房產用於自住，則房產稅計算如下（年值：按區域的平均年租金收入計算）：

The HDB flat in Singapore is similar to Taiwan's public housing.