SINGAPORE – Most owners of Housing Board flats can expect to pay more in property taxes next year, as the Inland Revenue Authority of Singapore (Iras) will be revising the annual value (AV) of HDB flats in line with increase in market rentals.

Iras said in a statement on Wednesday (Dec 1) that the AV will be revised upwards by 4 per cent to 6 per cent, with effect from January next year, and that this is part of its annual review of properties to compute the property tax payable.

With the revision in AV, all one-room and two-room flat owner-occupiers will continue to pay no property tax.

This will also be the case for 35 per cent of three-room flat owner-occupiers, while 65 per cent of three-room flat owner-occupiers will each pay between $8 and $14 more annually.

The four-room, five-room and executive flat owner-occupiers will each pay between $21 and $26 more annual property tax in 2022….

The Full Story: https://www.straitstimes.com/singapore/most-hdb-flat-owners-to-pay-more-in-property-taxes-next-year-iras