How does IRAS claculate my annual property tax payable?
Annual property tax is calculated by multiplying the Annual Value (AV) of the property with the Property Tax Rates that apply to you.
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 in property taxes.
Related questions
How does IRAS determine the Annual Value (AV) of my residential property?
How do I know if my residential property is taxed at the owner-occupier tax rates or non-onwer-occupier residential tax rates?
How do I find out what is the Annual Value of my Property?
The actual rent for my property is $2,500 per month. However, IRAS has informed that the Annual Value (AV) is $3,000 per month. How does IRAS determine the AV?
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