27 Nov '12, 7am

Property tax rebate for most HDB flat owners in 2013 - TODAYonline

SINGAPORE - All one- and two-room owner-occupiers of HDB homes do not need to pay property tax next year, similar to 2012, and for a majority of other HDB flat types, the property tax bill for 2013 will increase by between S$40 and $50, after taking into account a new S$40 rebate. The increase in property tax comes after the revision of Annual Values (AVs) of HDB flats with effect from Jan 1 2013, reflecting the rise in market rentals. Since the last revision of AVs of all HDB flats on Jan 1 2012, market rentals of HDB flats have risen by 8 per cent to 13 per cent. Accordingly, the AVs of all HDB flats will be revised from Jan 1 2013. To mitigate the impact of the increase in property tax payable, all owners of owner-occupied HDB flats will be given a one-time rebate of S$40. It will be automatically set off against the property tax payable in 2013. This rebate will not ap...

Full article: http://www.todayonline.com/Singapore/EDC121127-0000091/Pr...

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