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Understanding Property Tax

Property tax is levied on property ownership, whether the property is rented, owner-occupied, or unoccupied.

Our contribution for the property tax is one way where we can help to secure our children’s education, improve the medical facilities for the folks, and make park for all to enjoy.

Annual Property Value (AV) The AV is calculated based on the estimated market rental value of similar properties. Comparison can be made with rental listings on the HDB and URA websites.

Tax Rates for Different Properties

• Owner-Occupied Residential Properties: Qualify for Concessionary Owner-Occupier Tax Rates
• Non-owner-Occupied Residential Properties: Subject to Non-Owner Occupier Residential Tax Rates
• Commercial and Industrial Properties (Non-Residential): Different tax rates apply

Calculation of Property Tax Property tax payable equals the Annual Value multiplied by the corresponding tax rates. For owner-occupied and non-owner-occupied residential properties, tax rates vary progressively. All other properties incur a 10% tax on the Annual Value.

Application for Owner-Occupier Tax Rates If you reside in a property currently taxed at non-owner-occupier residential rates but occupy it as an owner, you can apply for owner-occupier tax rates through IRAS’s digital service, “Apply for Owner-Occupier Tax Rates.” You can also track your application status within the same digital service.

Property Tax Payment Information

Your property tax payment deadline is set for January 31, 2024.

Customized SMS reminders from IRAS will include details such as your property address, the payable tax amount, and your property tax reference number. Final reminders will be dispatched during the last week of January.

1. Digital Payment Options Using Your Property Tax Reference Number

• Immediate update to your tax account is ensured through PayNow QR and AXS via myTax Portal.
• Other Electronic Payment Methods Include:

2. GIRO Payments

For individuals, enjoy a one-time deduction or opt for up to 12 interest-free monthly installments with GIRO.

For Individuals:

• myTax Portal (for DBS/POSB and OCBC customers)
• Internet Banking (for POSB/DBS/OCBC/UOB customers)
• AXS stations (for DBS/POSB customers)

For Businesses:

• myTax Portal (for DBS/POSB, OCBC, UOB, Maybank, and Bank of China customers)

Taxpayers with a previous GIRO arrangement with IRAS can reactivate GIRO via myTax Portal (Apply for Payment Plan).

3. Checking Property Tax Balance

To check your property tax balance, access the IRAS bot by clicking ‘IRAS Bot’ at the bottom right of the webpage or use the Check Property Tax Balance digital service.

Electronic Property Tax (e-PT) Billing

Opt for e-PT bills for convenience and sustainability. You’ll receive SMS and/or email notifications when your e-PT Bill is prepared. Access your bill via our View Property Tax Notices digital service.

1. Advantages of e-PT Bills

No more lost mail! Access your e-PT Bills using your Singpass.

View up to 3 years of e-PT Bills anytime, anywhere.

Receive timely notifications via SMS and/or email regarding payment details and deadlines.

2. Enhanced Digital Experience for Property Tax Billing

For owners with multiple properties who’ve chosen the consolidated electronic property tax bill, a single notification will be sent instead of separate ones. You can view your digital bills at http://mytax.iras.gov.sg.

IRAS improved property dashboard offers a comprehensive view of your property portfolio and allows you to print a consolidated summary statement.

Corporate owners can download crucial property tax information tailored to their company’s requirements.

3. Interactive Property Tax Bill (i-Bill)

Access and settle your property tax bills on mobile devices or laptops through i-Bill.

Every December, IRAS sends a unique link via SMS and/or email to selected residential property owners for bill viewing on an interactive platform. The last 4 digits (e.g., 6789) of the owner’s ID (e.g., NRIC or FIN) will be necessary for verification purposes.

Digital Property Tax Services

Access various digital services through myTax Portal to:

• Manage your preference for electronic or paper notices.
• View a comprehensive account summary encompassing tax account details, payment plan schedules, and statements of account.
• Explore your property dashboard for details like annual value and tax rates.
• Access copies of your notices, bills, and correspondence.
• Apply for owner-occupier tax rates.

Discover further information about IRAS’s digital services.

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