4 Answers

If you have the residential address, you can purchase the report where it will indicate the annual value of the property. https://mytax.iras.gov.sg/esvweb/default.aspx?target=PTEVLListIntro

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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Hi, it is the indication of how much roughly they gauge the unit can fetch as rental income should it be rented out in the open market after taking into consideration several factors, and is mainly used for the computation of property tax . You can check it for free here, https://mytax.iras.gov.sg/ESVWEB/default.aspx?target=PTEVLListIntro

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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Hi, appreciate your sharing. Able to login using your singpass to check on your current unit info.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0
The IRAS (Inland Revenue Authority of Singapore) annual rent valuation refers to the process of determining the Annual Value (AV) of a property for tax purposes. The Annual Value is the estimated gross annual rent that the property could fetch if it were rented out, excluding furniture, furnishings, and maintenance fees.

### Key Points about IRAS Annual Rent Valuation:

1. **Purpose:**
- The Annual Value is used to calculate property tax, which is payable annually by property owners.

2. **Assessment:**
- IRAS assesses the Annual Value based on prevailing market rental rates for similar properties in the vicinity. Factors such as location, size, and condition of the property are considered.

3. **Annual Value (AV):**
- The AV is the estimated annual rent a property can fetch if rented out. It is not necessarily the actual rent being collected but an estimation based on market conditions.

4. **Calculation of Property Tax:**
- Property tax is calculated as a percentage of the AV. The tax rate varies depending on whether the property is owner-occupied or non-owner-occupied.
- For owner-occupied residential properties, a progressive tax rate ranging from 0% to 16% applies.
- For non-owner-occupied residential properties, the tax rate ranges from 10% to 20%.

5. **Review and Update:**
- The Annual Value is reviewed periodically to ensure it reflects current market conditions. Property owners may receive notices from IRAS if there are changes in the AV.

6. **Disputes:**
- If a property owner disagrees with the assessed Annual Value, they can file an objection with IRAS, providing evidence to support their claim for a lower valuation.

### Example of How Property Tax is Calculated:

- **Annual Value (AV):** $36,000 (example figure)
- **Tax Rate (Owner-Occupied):**
- 0% on first $8,000 of AV
- 4% on next $47,000 of AV

**Calculation:**
- 0% of $8,000 = $0
- 4% of $28,000 (remaining AV) = $1,120

**Total Property Tax Payable:** $1,120

### How to Check Your Property's Annual Value:

1. **Login to IRAS Portal:**
- Property owners can log in to the IRAS e-Services portal using their SingPass to check the Annual Value of their property.

2. **Property Tax Bill:**
- The AV is also stated on the annual property tax bill sent by IRAS.

For more detailed information, property owners can visit the IRAS website or contact IRAS directly.
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