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Use our property tax calculator to work out how much property tax you have to pay. You can calculate your property tax from 5 preceding years up to the current year. Rebates applicable each year for the various types of properties are built into the calculator.
Learn about the property tax rates applied to different types of properties in Singapore and understand how your property tax is calculated.
Property Tax Calculator Singapore. The IRAS property tax payable is calculated with this formula: AV x Property tax rate = Property tax payable. For example, if the AV of your property is $30,000 and your tax rate is 10%, you would pay $30,000 x 10% = $3,000. How IRAS property tax is calculated may differ depending on:
Easily calculate your property tax with our free MoneySmart property tax calculator. Quickly find out how much property tax you need to pay. Try it now!
How is property tax calculated? The property tax is calculated by multiplying the Annual Value (AV) of the property with the prevailing property tax rate. Annual Value (AV) Every property has an AV. This AV of a property is determined based on market rentals of similar or comparable properties.
You can also use IRAS’ property tax calculator to find out how much property tax you can expect to pay. The difference in property tax rate between an owner-occupier property and a non-owner-occupier property can be significant.
To calculate your property tax, you can use IRAS’s property tax calculator. The calculator allows you to input the AV of your property and the applicable property tax rate to determine the amount of property tax you need to pay.
As long as you own a property in Singapore, you’re required to pay property tax. But how is it calculated, and what are Annual Value and Property Tax Value? Find out more.
The tax is calculated based on the Annual Value (AV) of the property, which is an estimate of its potential rental income, as determined by the Inland Revenue Authority of Singapore (IRAS). What is Annual Value (AV)?
To calculate the property tax, follow these steps: Determine the AV of your property. Identify the applicable tax rate based on the property’s use (owner-occupied or non-owner-occupied).