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Updated by IRAS To understand whether the AV of your property is fair and how it is calculated, we suggest the following helpful steps:
1. First, refer to our Case Studies:
(i) Private Condominium unit (PDF, 64KB)
(ii) Newly Built House (PDF, 60KB)
These case studies illustrate how we determine AV based on rents of similar properties in your neighbourhood.
2. Next, you may refer to rents of private residential properties made available on URA website (http://www.ura.gov.sg) and rents of HDB flats made available on HDB website (www.hdb.gov.sg).
Please note that the rental figures are intended only as a general guide and should not be used as a direct 1-to-1 comparison with your specific property. The AV of your property may differ as it considers various property specific factors such as its location, condition, size, etc.
To give me an idea of whether the AV of my property is fair, where can I find information on private residential properties or HDB flats that are let out?
1. First, refer to our Case Studies:
(i) Private Condominium unit (PDF, 64KB)
(ii) Newly Built House (PDF, 60KB)
These case studies illustrate how we determine AV based on rents of similar properties in your neighbourhood.
2. Next, you may refer to rents of private residential properties made available on URA website (http://www.ura.gov.sg) and rents of HDB flats made available on HDB website (www.hdb.gov.sg).
Please note that the rental figures are intended only as a general guide and should not be used as a direct 1-to-1 comparison with your specific property. The AV of your property may differ as it considers various property specific factors such as its location, condition, size, etc.
This information is sourced from IRAS.
Related questions
I just receive my property tax bill and I find the assessed Annual Value (AV) for my residential property is high. I am thinking of filing an objection against my AV. What is the likelihood of a successful downward AV revision through the objection process?
To give me an idea of whether the Annual Value (AV) of my property is fair, where can I find more information of the rental amount on private residential properties or HDB flats?
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