The 31 January deadline
Singapore property tax is assessed for the full calendar year and is due by 31 January of that year. IRAS issues the bill in the preceding December.
Tax is on the registered owner as at 1 January of the year. Whoever owns the property on that date pays the full year's tax — even if they sell the property in February. Prorating between buyer and seller is handled via conveyancing.
Payment options
| Method | Best for |
|---|---|
| GIRO (12 monthly instalments) | Most popular — spread cost, interest-free, set up once |
| eNETS via myTax Portal | One-shot payment from bank account |
| Internet banking — DBS/POSB | Account holders preferring iBanking |
| AXS station / app | Quick walk-up payment |
| Cheque to IRAS | Backup option |
Late payment penalty
- 5% penalty if not paid by 31 January.
- After 60 days from due date: additional 1% per month on the unpaid balance, capped at 12% over a year.
- IRAS may take recovery action: deduction from CPF, garnishee of bank account, charge against the property.
Sale of property mid-year
Property tax for the full year is on the 1-January owner. When the property is sold during the year, the conveyancing process typically includes a prorated refund — the buyer pays the seller for property tax attributable to the period after completion.
Example: property sold and completed 30 June. Annual tax: $4,800. Seller paid $4,800 on 31 January. Buyer reimburses seller $2,400 (= 6 months × $400) at completion.
Change of occupancy
If you rent out your previously owner-occupied home (or move into a previously rented-out property), the tax rate changes from the date of change. Notify IRAS via myTax Portal — failure to notify may result in backdated NOO tax plus penalty.