Property Tax - Budget 2013

[Mi Amigo]

So if someone owns a property that he doesn't occupy and which estimated rental value is S$100k / year, he will pay S$20k property tax from 2015, is that correct?

Well, that's what the table says, isn't it?

Non-owner-occupied residential property tax in 2014 (current rate 10% of AV)
AV - $30,000 or less - 10% (2015 - 10%)
AV - Next $15,000 - 11% (2015 - 12%)
AV - Next $15,000 - 13% (2015 - 14%)
AV - Next $15,000 - 15% (2015 - 16%)
AV - Next $15,000 - 17% (2015 - 18%)
AV - Above $90,000 - 19% (2015 - 20%) *DOUBLED!!!*

[Strong Eagle]

So if someone owns a property that he doesn't occupy and which estimated rental value is S$100k / year, he will pay S$20k property tax from 2015, is that correct?

No. Will pay a graduated tax. It is a stout chunk of change, though... and somehow I doubt the rental value is significantly below that actual rents being obtained.

[Mi Amigo]

Aha! Good point; I'd overlooked the fact that it is graduated. D'oh!