Lower property tax for HDB flat owners next year
By Lin Zhiqin
/ The Edge Property |
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According to figures released by the Inland Revenue Authority of Singapore (IRAS) on Nov 28, HDB flat owners will pay lower property tax in 2017 while almost all private residential property owners will see lower or no change in their property tax.
The tax savings for HDB flat owners range from 13.1% to 51% in 2017, compared to this year.
Owners of one-, two-room and some three-room HDB flats will continue to be exempt from property tax. Three-room flat owners will pay up to $18.40 next year, down from a maximum of $37.60 this year. Four-room flat owners will pay between $52 and $100, down from $71.20 to $119.20 this year. Five-room flat owners will pay between $83.20 and $131.20, down from this year’s $104.80 to $152.80. Owners of executive flats will pay between $95.20 and $143.20, down from this year’s $116.80 to $164.80.
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