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Property Tax

Property Tax is a tax on the ownership of property and applies whether the property is rented out, owner-occupied or vacant. Hence, owners who live in their HDB or private homes (known as owner-occupiers) also pay property tax.

As Singapore has a high proportion of home ownership, many individuals who pay property tax are owner-occupiers. Owner-occupiers pay much lower property tax in contrast to non-owner-occupiers, who are usually owners who rent out their properties or are occupying another property. This is because of the different progressive property tax rates applied on owner-occupied homes and non-owner-occupied homes from 1 Jan 2014.