13 questions
Annual Value
The actual rent for my property is $2,500 per month. However, IRAS has informed that the Annual Value (AV) is $3,000 per month. How does IRAS determine the AV?
Why is IRAS using rental value instead of sale prices to determine the Annual Value (AV) of properties?
Can I object to the Annual Value (AV) of my property?
To give me an idea of whether the Annual Value (AV) of my property is fair, where can I find more information of the rental amount on private residential properties or HDB flats?
How do I find out the Annual Value (AV) of a property?
I just receive my property tax bill and I find the assessed Annual Value (AV) for my residential property is high. I am thinking of filing an objection against my AV. What is the likelihood of a successful downward AV revision through the objection process?
I recently moved from a HDB flat to a private condominium unit. Why is the property tax higher for my private condominium unit even though the size of the two properties is similar?
To give me an idea of whether the AV of my property is fair, where can I find information on private residential properties or HDB flats that are let out?
I am a retiree with sentimental attachment to my home. I no longer draw any monthly income, and I am the sole caregiver for my spouse who has many medical ailments. Can my circumstances allow for my AV be lowered so I can afford my property taxes, medical fees, and daily living expenses?
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