Singapore – In a move to provide relief to homeowners, the Singapore government has announced a property tax rebate for the year 2025. The Ministry of Finance and Inland Revenue Authority of Singapore (IRAS) revealed on November 29th that homeowners can expect a one-time property tax rebate of up to 20%.

HDB flat owners will receive a 20% rebate, while private home owners can receive up to a 15% rebate, capped at S$1,000.

Additionally, the annual value (AV) bands for residential properties will be adjusted upward effective January 1, 2025. AV, which represents the estimated annual rental value of a property, is used to calculate property tax. Residential properties are taxed at a lower rate.

The lower end of the lowest AV band will be raised from S$8,000 to S$12,000, and the upper end of the highest band will be raised from above S$100,000 to above S$140,000. The bands in between will also be adjusted.

With these measures, all owner-occupied HDB flats and over 90% of owner-occupied private homes are expected to pay less property tax in 2025. All one-room and two-room HDB flats will be exempt from property tax in 2025.

The government stated, "Assuming no change in AV and excluding the rebate, all homeowners are expected to pay the same or a lower property tax within each band."

All property owners can expect to receive their 2025 property tax bills from December onwards. The bills will be sent out in batches, so some may receive theirs earlier than others.

IRAS will also send SMS or email notifications to property owners regarding their property tax bills and payment due dates.

The Ministry of Finance and IRAS encourage property owners to sign up for GIRO to enjoy up to 12 months of interest-free installment payments or opt for a one-time deduction. Those facing financial difficulties can contact IRAS before the due date to discuss suitable payment arrangements.

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