One-off property tax rebate and revised AV bands in 2025

The year 2025 is set to bring changes to Singapore’s property tax system, offering much-needed relief to homeowners amid rising living costs. If you own a residential property, you’ll be glad to hear about a one-off property tax rebate and adjusted annual value (AV) bands that aim to make property taxes more manageable. These changes will benefit owners of both public and private residential properties, ensuring greater support for many households.

One-off property tax rebate for 2025

You’ll be receiving a property tax rebate in 2025 if you’re an owner-occupier.For Housing and Development Board (HDB) flats, the rebate will amount to 20% of your payable tax. Meanwhile, private residential property owners will enjoy a 15% rebate, although this will be capped at S$1,000.

This rebate has been designed to ease the strain of rising living expenses. You don’t have to apply for it, as the rebate will automatically be applied to your property tax bill. Whether you own an HDB flat or a private property, this initiative aims to reduce the financial burden on households.

Revisions to Annual Value (AV) bands

Changes to the annual value (AV) bands for property tax 2025 Singapore will come into effect on Jan 1, 2025. These adjustments will ensure that many homeowners pay lower or the same property tax rates – provided their properties’ AVs remain unchanged.

Here’s how the revisions will affect you:

Over one million residential properties are expected to benefit from these changes.
All HDB flats and over 90% of private residential properties will see reduced tax rates.

Here’s a breakdown of the revised owner-occupier residential tax rates and their corresponding annual value portions for 2024 and 2025:

Owner-occupier residential tax rates	Portion of Annual Value
Owner-occupier residential tax rates	(1 Jan 2024 to 31 Dec 2024)	(From 1 Jan 2025)
0%	S$0 – S$8,000	S$0 – S$12,000
4%	>S$8,000 – S$30,000	>S$12,000 – S$40,000
6%	>S$30,000 – S$40,000	>S$40,000 – S$50,000
10%	>$40,000 – $55,000	>S$50,000 – S$75,000
14%	>S$55,000 – S$70,000	>S$75,000 – S$85,000
20%	>S$70,000 – S$85,000	>S$85,000 – S$100,000
26%	>S$85,000 – S$100,000	>S$100,000 – S$140,000
32%	>S$100,000	>S$140,000

Data source: MOF

Changes to Social Support Scheme Eligibility

The revised AV bands will also expand access to social support schemes. These programmes provide benefits based on your property’s AV.

Currently, the AV tiers are structured as follows:

Tier 1: Up to S$21,000.
Tier 2: More than S$21,000 and up to S$25,000.

From Jan 1, 2025, the Tier 2 threshold will be expanded to include properties with AVs of more than S$21,000 and up to S$31,000. The Tier 1 threshold will remain unchanged.

This change means more households, including those in lower-value private properties, will qualify for additional support. In fact, over three in four residential properties will be eligible for these benefits.

Property tax changes for HDB flats

If you own an HDB flat, you’ll also see changes to your property tax rates:

1- and 2-room flats: No property tax will be payable, as is currently the case.
3-room and larger flats: These will be taxed at a marginal rate of 4% for the AV portion above S$12,000.

Thanks to the rebate and revised AV bands, your monthly property tax bill will drop. Here’s what you can expect:

3-room flats: S$1.90 per month (down from S$4.10).
4-room flats: S$11.95 per month (down from S$12.80).
5-room flats: S$15.40 per month (down from S$17.90).
Executive flats: S$17.15 per month (down from S$22.30).

These reductions offer tangible savings for HDB owners, helping to ease financial pressures.

What do you think about the one-off property tax rebate? Share your thoughts in the comments section below or on our Facebook page.

About Sophiyanah David

Sophi, a seasoned copywriter specialising in Singaporean real estate and property, is one of the minds behind 99.co's informative articles. Like her colleagues at 99.co, Sophi is dedicated to keeping you informed about the ever-changing world of real estate so you can find your forever home. When off the clock, you can find her giggling and kicking her feet as she reads her romance novels, watching anime - if FMBA is not your fave, she might fight you (but you'll probably win) and looking up latest skincare trends.

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