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15 articles in
How does IRAS determine the Annual Value (AV) of my residential property?
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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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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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The following are common enquiries that can be addressed through other dedicated digital services and do not require an objection to be filed: (i) [Owner-occupier concession] I only own one property. I have moved back into my property which was previously let out. Please revise the tax rate/AV accordingly. (ii) [Newly completed landed residential property] My property is recently completed and have obtained TOP/CSC. Please revise my AV accordingly. (iii) [GIRO instalment plan] I would like to apply for GIRO instalment/ make changes to my existing GIRO instalment payment plan.
How do I find out the Annual Value (AV) of a property?
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?
I recently moved from a HDB flat to a private condominium unit. Why is the property tax higher for my private condominium unit even though the size of the two properties is similar?
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?
I am a retiree with sentimental attachment to my home. I no longer draw any monthly income, and I am the sole caregiver for my spouse who has many medical ailments. Can my circumstances allow for my AV be lowered so I can afford my property taxes, medical fees, and daily living expenses?
My property is old, needs repairs, and is not in perfect condition. I have not done any renovation works since I first moved in many years ago. Will IRAS peg my AV at a higher level based on the rents of the newer and bigger properties in my estate?
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