Who is to Pay for Property Tax?

1. All Owners, including joint owners.
2. Power of Attorney.
3. Trustee.
4. A lessee who has taken more than 3 years lease with the government or any public authority.

Anyone whose name is on the Valuation List is defined as the owner.

The property tax bill will be issued to the owner who is listed first in the Notice of Transfer filed by the seller’s lawyer.

The payment arrangement on the property tax payable is a private matter to be settled among the property owners. IRAS does not issue separate bills.

Conclusion

If you have gone through the whole guide, by now, you would have a better understanding of how to calculate and pay your property tax.

So the next time when you are buying a property, you will know how much property tax you need to pay beforehand and can better prepare your budget.

If you are looking to purchase a new Penrose condo, be sure to check out this guide.

Readmore: When to Pay Property Tax?