IRAS notifies all new home owners of the owner-occupier concession and invites them to apply for it if they are eligible. As Housing Board flats are generally owner-occupied in the initial years, the owner-occupier concession is automatically granted to owners of newly purchased HDB homes. Since 1 Jan 2011, IRAS has also extended the automatic granting of the concession to owners of newly purchased private homes, for owners of one residential property intended for occupation. Eligible owner-occupiers can apply for the concessionary tax rates online through MyTax Portal. For more i nformation on owner-occupier concessionary tax rates, please visit the IRAS website. Property owners may also contact IRAS at 1800 356 8300 or propertytax@iras.gov.sg .

The annual value (AV) is the estimated annual rent of your property if it were to be rented out, excluding the furniture, furnishings and maintenance fees. It is determined after analysing the rents of similar or comparable properties. The basis of determining the AV is the same whether the property is rented out at high or low rental rates, owner-occupied or left vacant.

The current tax rate is 10% for all properties. However, if you own and occupy your home, you are eligible for lower owner-occupiers concession rates as follows:

For more information on how property tax is computed, please visit the IRAS website.