Property tax revise upwards

[AlvinLeong]

Friday, Dec 02, 2011

The Annual Values (AV) of HDB flats will be revised upwards with effect from Jan 1 next year.

To mitigate the increase in the property tax payable by lower and middle income households as a result of the AV revision, the Government will give a one-off rebate to Owner-Occupied HDB flats.

The rebate is a fixed amount of $55 or the property tax based on the 2012 AV, whichever is the lower. The rebate will automatically be given to all Owner-Occupied HDB flats. This will not apply to HDB flats that are not owner-occupied, which are currently being taxed at 10 per cent.

All one- and two-room owner-occupiers will continue to pay zero property tax in 2012. Owner-occupiers of three-room flats will see no increase on average, while those in four and five room flats and above will see increases in property tax of between $5 and $29 after taking into account the property tax rebate.

Most HDB flat owners should receive their property tax notices and bills by the end of this year. Together with this, an explanatory guide on "Property Tax on HDB Flats for 2012" which explains how the property tax payable is calculated and how payment can be made will be included.

Property tax has to be paid by Jan 31, 2012.

http://news.asiaone.com/News/AsiaOne...02-314086.html

Rebate rebate rebate, if you can give rebate why increase in the first place?

[Huaikong]

i shld be happy cos my property is worth more now.

Does condo have rise in property tax too?

[therat]

one hand tell us -- 2012 economics don't look good.
another hand extend out to our pocket - take more $$$

[dracoken]

Want to hav more kids, look after parent..so got a bigger house(5-rm)..then now..increase this(tax) and that...say one thing and do another....r they really so POOR!!! Tot we got so much RESERVE compared to so many Euro country.....

That is why not all want to get marry early too. Marry early then have children followed by tax, etc. How to pay?

[CBTG]

One side complain no property or shortage of property. Now tax who buy property , u guys also complain. Very difficult to do leh.

[Jon-san]

Originally Posted by CBTG

One side complain no property or shortage of property. Now tax who buy property , u guys also complain. Very difficult to do leh.

Yah lor, isn't that why we're paying them millions to do it?

[KAO LUO]

~IT difficult to DO .. DON'T DO leh ......

[Ah_ZhaN]