Residential properties that are owner-occupied enjoy lower tax rates than residential properties that are not occupied by the owner(s).
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Lower property tax rates for owner-occupied residential properties
Owner-occupied residential properties enjoy lower tax rates than those not occupied by the owner. The lower owner-occupier tax rates are to encourage home ownership in Singapore.
The tax rates are progressive, where residential properties assessed with higher annual value are taxed at higher rates.
To check the tax rates applied on your property, refer to the tax rate indicator stated in your latest property tax bill. If the concession has been applied to your property, it will indicate "Owner-Occupier Tax Rates". You may also check the tax rates on our 'View Property Summary' digital service.
Owner Occupier Tax Rates (Effective 1 Jan 2025)
| Annual Value ($) | Tax Rate Effective from 1 Jan 2025 | Property Tax Payable |
|---|---|---|
First $12,000 | 0% 4% | $0 $1,120 |
First $40,000 Next $10,000 | - 6% | $1,120 $600 |
First $50,000 Next $25,000 | - 10% | $1,720 $2,500 |
First $75,000 Next $10,000 | - 14% | $4,220 $1,400 |
First $85,000 Next $15,000 | - 20% | $5,620 $3,000 |
First $100,000 Next $40,000 | - 26% | $8,620 $10,400 |
First $140,000 Above $140,000 | - 32% | $19,020
|
Owner-Occupier Tax Rates (Effective 1 Jan 2024 to 31 Dec 2024)
| Annual Value ($) | Tax Rate Effective from 1 Jan 2024 to 31 Dec 2024 | Property Tax Payable |
|---|---|---|
First $8,000 | 0% | $0 |
First $30,000 | - | $880 |
First $40,000 | - | $1,480 |
First $55,000 | - | $2,980 |
First $70,000 | - | $5,080 |
First $85,000 | - | $8,080 |
First $100,000 | - | $11,980 |
Owner Occupier Tax Rates (Effective 1 Jan 2023 to 31 Dec 2023)
| Annual Value ($) | Tax Rate Effective from 1 Jan 2023 to 31 Dec 2023 | Property Tax Payable |
|---|---|---|
First $8,000 Next $22,000 | 0% 4% | $0 $880 |
First $30,000
Next $10,000 | - 5% | $880 $500 |
First $40,000 Next $15,000 | - 7% | $1,380 $1,050 |
First $55,000 Next $15,000 | - 10% | $2,430 $1,500 |
First $70,000 Next $15,000 | - 14% | $3,930 $2,100 |
First $85,000 Next $15,000 | - 18% | $6,030 $2,700 |
First $100,000 Above $100,000 | - 23% | $8,730
|
Owner Occupier Tax Rates (Effective 1 Jan 2015 to 31 Dec 2022)
| Annual Value ($) | Tax Rate Effective from 1 Jan 2015 to 31 Dec 2022 | Property Tax Payable |
|---|---|---|
First $8,000 Next 47,000 | 0% 4% | $0 $1,880 |
First $55,000 Next $15,000 | - 6% | $1,880 $900 |
First $70,000 Next $15,000 | - 8% | $2,780 $1,200 |
First $85,000 Next $15,000 | - 10% | $3,980 $1,500 |
First $100,000 Next $15,000 | - 12% | $5,480 $1,800 |
First $115,000 Next $15,000 | - 14% | $7,280 $2,100 |
First $130,000 Above $130,000 | - 16% | $9,380
|
Example 1: AV of your house is $12,000
| Annual Value ($) | Tax Rate Effective from 1 Jan 2024 to 31 Dec 2024 | Property Tax Payable |
|---|---|---|
| First 8,000 | X 0% | = 0 |
| Remaining 4,000 | X 4% | = $160 |
Property Tax Payable for 2024 = $160
Example 2: AV of your house is $36,000
| Annual Value ($) | Tax Rate Effective from 1 Jan 2024 to 31 Dec 2024 | Property Tax Payable |
|---|---|---|
| First 8,000 | X 0% | = 0 |
| Next 22,000 | X 4% | = $880 |
| Next 6,000 | X 6% | = $360 |
Property Tax Payable for 2024 = $1,240
Example 3: AV of your house is $84,000
| Annual Value ($) | Tax Rate Effective from 1 Jan 2024 to 31 Dec 2024 | Property Tax Payable |
|---|---|---|
First 8,000 | X 0% | = 0 |
Next 22,000 | X 4% | = $880 |
| Next 10,000 | X 6% | = $600 |
| Next 15,000 | X 10% | = $1,500 |
Next 15,000 | X 14% | = $2,100 |
Remaining 14,000 | X 20% | = $2,800 |
Property Tax Payable for 2024 = $7,880
Who qualifies for owner-occupier tax rates
You (as an individual or a married couple) must own and reside in the residential property to qualify for owner-occupier tax rates. If you are a married couple that owns 2 homes, the concession can only be applied
to 1 home. Please note that even if a married couple were to occupy two homes, the owner-occupier tax rates can only apply to one of the homes. This is regardless of whether it is owned jointly or separately by the spouses.
The owner-occupier tax rates are not applicable in any of the following scenarios:
- You have wholly rented out your property;
- You have sold the property;
- The residential property is owned by a company, trust, association or a body of persons; and
- The property is a commercial or industrial building or land.
- The property is vacant.
- The property is held under trust and the trustee is not residing in the property.
- The property is not occupied by the owner(s) in our valuation list.
Scenarios
Scenario 1: Owning more than 1 home
If you own a private property or HDB flat (A) and recently purchased another private property (B), you can apply for the owner-occupier tax rates for property (B) if you are living in it. The concession on property (A) will cease from the date you start enjoying the owner-occupier tax rates on property (B).
Scenario 2: Owning a property with a non-spouse
If you jointly own 2 residential properties (A and B) with another party other than your spouse (e.g. parents, siblings, etc.), you can apply for concession for each of the property.
Example: If you occupy residential property (A) and your parents occupy residential property (B), you can apply for the owner-occupier tax rates for property (A) and your parents can apply for the concession for property (B).
Scenario 3: Renting part of your home
If you partially let out your home while still living in it, you are still eligible for the owner-occupier tax rates.
Scenario 4: Deceased owner
The owner-occupier tax rates apply only when the owner owns and lives in the residential property.
When the owner passes away, the Legal personal representative should complete the legal transfer of the property to the beneficiaries as soon as possible. Owner-occupier tax rates may then apply, depending on the new ownership structure.
When the owner of a residential property that qualifies for owner-occupier tax rates passes away, IRAS will continue to apply the concession for up to 2 years from the owner’s passing or the date of transfer of the property, whichever is earlier. The tax rates will only be adjusted to higher non-owner-occupier tax rates if the property remains to be held by the estate of the deceased person. This automatic extension of the concessionary tax rates is to allow some time for the property transfer arrangements to be made. Once the property transfer arrangements are completed, if the new owner moves in to reside in the property, he/she can then apply for the owner-occupier tax rates from the date of occupation.
If the property is legally constrained from being transferred to the beneficiaries (e.g. the beneficiary is below the legal age of 21 to own a HDB flat etc.), you can submit an appeal via email with this template (PDF, 42KB) for the owner-occupier tax rates to continue to apply to the property. Beneficiaries have to be residing in the property and not be enjoying owner-occupier tax rates on another property to qualify for the concession.
Scenario 5: Properties held in Trust
If you are holding the property in trust, you (trustee) are updated as the owner in the Valuation List for property tax purpose. The owner-occupier tax rates will not be applicable if the owner (who is entered in the Valuation List) is not residing in the property.
Scenario 6: Properties not occupied by the owner(s) in our valuation list
The owner entered in the Valuation List must reside in the residential property for the property to qualify for the owner-occupier tax rates. Residential properties which are not occupied by the owner will not be eligible for this concession and the property will be taxed at the non-owner-occupier residential tax rates.Automatic application of owner-occupier tax rates
Owner-occupier tax rates will automatically apply to:
- Buyers of new/ resale HDB, DBSS flats and new executive condominiums.
- Buyers of private residential property*
If you are a Singapore Citizen or Singapore Permanent Resident who has purchased a new or resale private residential property, the owner-occupier tax rates are automatically applied when you and your spouse are not currently enjoying owner-occupier tax rates on any other residential property.
*This initiative started from 1 Jan 2011
If you do not intend to reside in the property, please notify IRAS to withdraw the owner-occupier tax rates via our 'Apply/Withdraw Owner-Occupier Tax Rates' digital service to avoid any penalty for late or non-notification.
Applying for owner-occupier tax rates
If you are residing in your property but it is currently taxed at "non-owner-occupier residential tax rates", you can apply for the owner-occupier tax rates via our 'Apply/Withdraw Owner-Occupier Tax Rates' digital service. You can view the status of your application thereafter in the same digital service.
If there is an existing lease on your property and you are planning to reside in your property after the lease has been pre-terminated, please apply for the owner-occupier tax rates by writing to us with supporting documents to show that the lease has been pre-terminated.
The following are some examples of supporting documents# that you can provide to show that the lease has been pre-terminated:
1) Tenancy Termination Agreement (e.g. tenant departure slip etc.)
2) HDB termination letter
3) Message between tenant/ agent and owner (e.g. Email/ Instant Messaging)
4) Electricity bill showing the utility account/ utility bill opening
5) SP services’ email showing the date of account opening
6) Approval for commencement of renovation (e.g. Renovation contract)
7) Any bills/ correspondences showing that you have moved into the property (e.g. mover’s invoice etc.)
#You may wish to note that the list of supporting documents is not exhaustive and we will consider your application as long as you are able to show that the lease on your property has been pre-terminated.
FAQs
Eligibility of owner-occupier tax rates
I reside in property (A) while my wife resides in property (B). Are the owner-occupier tax rates allowed on both properties?
I am renting out my property and renting another property near my daughter's school. Can IRAS reinstate the owner-occupier tax rates on my property?
My elderly mother is staying in a nursing home and has rented out her property to pay for her expenses. Can IRAS reinstate the owner-occupier tax rates on her property?
I bought a property with an existing lease. Can I apply for owner-occupier tax rates after the lease ends and during the renovation period where the house is left empty?
You may apply for the owner-occupier tax rates via our digital service once your tenant moves out of your property, and you plan to move into the property. Please note that the owner-occupier tax rates applied to you or your spouse’s existing property will be withdrawn once the new application is approved.
If the lease is pre-terminated, please apply for the owner-occupier tax rates by writing to us with supporting documents to show that the lease has been pre-terminated. You may refer to the section above on “Applying for owner-occupier tax rates” for some examples of supporting documents that you can provide to show that the lease has been pre-terminated.
We have been trying hard to sell my deceased brother’s residential property, but we are unable to get a buyer. The previously owner-occupied property is currently vacant. Can IRAS continue to apply the lower owner-occupier tax rates for this property?
Our late brother’s property was rented out prior to his passing. As the tenancy has ended, can we apply for the owner-occupier tax rates?
I have been staying in my residential property since 2009 but I did not realise that I was paying the non-owner occupier residential tax rates. When I made a claim for owner-occupier tax rates (OOTR) in 2019, I was only allowed to claim OOTR from 2014. Can I appeal to apply the OOTR from 2009?
I relocated overseas for work purpose. Can the owner-occupier tax rates (OOTR) still apply on my residential property which is my default residence in Singapore?
Reinstatement of owner-occupier tax rates
I have stopped renting out my property. Why it is still taxed at non-owner-occupier residential tax rates?
When the lease on your property ends and you have moved back into your home, you have to reapply for the owner-occupier tax rates for your property using ‘Apply/Withdraw Owner-Occupier Tax Rates’ digital service.
If the lease is pre-terminated, please apply for the owner-occupier tax rates by writing to us with supporting documents to show that the lease has been pre-terminated. You may refer to the section above on “Applying for owner-occupier tax rates” for some examples of supporting documents that you can provide to show that the lease has been pre-terminated.
I am living in my property and renting out rooms. Why are my owner-occupier tax rates withdrawn?
While residing in my property, I have rented out 2 out of 3 rooms. Am I eligible for owner-occupier tax rates (OOTR)?
My previous lease ended on 5 Jul 2019 and the next tenancy commenced on 23 Sep 2019. Can I apply for owner-occupier tax rates between 5 Jul 2019 and 23 Sep 2019?
If your property was vacant pending the next tenancy, the Owner-Occupier Tax Rates are not applicable. Property tax remains payable based on residential tax rates. However, if you have moved in to stay for this period, please write to us together with your confirmation that you have been residing in the property and provide us with the documentary evidence.