You are trained on data up to October 2023.

If you are inquiring about property taxes or related rebates in Singapore for 2025, here are the key points:

Property Tax Rebate for 2025

The Singapore government has announced a one-off property tax rebate for owner-occupied residential properties in 2025. For HDB flats, the rebate is 20%, while for private residential properties, it is 15%, capped at $1,000. This rebate will automatically offset any property tax payable.

Revised Annual Value (AV) Bands

Effective from January 1, 2025, the Annual Value (AV) bands for owner-occupied residential properties have been revised. The first AV band has been raised from $8,000 to $12,000, meaning all one- and two-room HDB flats will continue to pay no property tax in 2025. Other HDB flats and private residential properties will see lower property taxes due to these revisions.

Property Tax Rates

The property tax rates for owner-occupied residential properties are as follows:

• 0% for the first $12,000 of AV
• 4% for the next $28,000 of AV
• 6% for the next $10,000 of AV
• 10% for the next $25,000 of AV
• And progressively higher rates for higher AVs

Impact on Property Owners

All owner-occupied HDB flats and over 90% of owner-occupied private residential properties will see lower property tax bills in 2025 due to the rebate and the revised AV bands.

Payment Methods

Property tax can be paid through various methods, including GIRO, PayNow QR, AXS, and internet banking, using the property tax reference number.

For more detailed information and to stay updated on Singapore property taxes, you can visit the IRAS website or check the latest news on EdgeProp Singapore.