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Why are the property tax rates higher for let-out residential properties?

Updated by IRAS
Let-out or rented residential properties are considered investment assets and are taxed at a higher rate than owner-occupied properties. The tax structure ensures that higher-value properties are subject to higher tax rates.

This information is sourced from IRAS.

Topics:

Property TaxProperty Tax Rates

Related questions

If I own and occupy more than one residential property concurrently, what will be the tax rates applied?

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I Inherited my property and it has a very high Annual Value. I am staying in my property and do not generate rental income from it. I am just a regular salaried worker and do not intend to sell my property. Why do I need to pay higher property tax?

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My elderly mother is staying in a nursing home and has rented out her property to pay for her own expenses. Can IRAS reinistate the owner-occupier tax rates on her property?

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I am staying somewhere else and decided to let my parents stay in my property instead. Will I be eligible for the owner-occupier tax rates?

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