02 Feb '14, 11pm

Most now paying less property tax

The new Progressive Property Tax Rates for owner-occupied residential properties, announced in Budget 2013, took effect on January 1. With the new property tax structure, the Annual Value (AV) exemption threshold for which no tax applies has been raised from S$6,000 to S$8,000. This means that property owners who live in their homes will not have to pay property tax on the first $8,000 of the AVs of their properties.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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