Progressive Property Tax

New Property Tax Computation for Home Owners from January 2011

February 22, 2010

With the latest Budget released for 2010 by Financial Minister Tharman Shanmugaratnam, property tax computation for home owners will be on a 3-tier progressive scheme. Based on Annual Value (AV) of your owner occupied home, the tiers are as follows:- 0% on your first $6,000 of AV 4% on the next $59,000 of AV 6% [...]

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