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Ohmyhome

24 Feb 2022

Property

How to Calculate Property Tax in 2022 with Annual Value and Property Tax Rate

In the recent Budget 2022 announcement on 18 Feb 2022, Minister Lawrence Wong said that the government will be raising property taxes starting next year. To calculate your annual property tax, you’ll need to multiply the annual value (AV) of your property with the property tax rates that apply to you.

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