The HDB Annual Value is definitely the estimated gross yearly lease a assets could command if it had been rented out, excluding household furniture, furnishings, and routine maintenance fees. This worth, determined by the Inland Profits Authority of Singapore (IRAS), is an important Think about calculating the annual home tax and is not determined by the flat's current market sale price. IRAS critiques the Yearly Worth of hdb annual value 140 26 all Homes per year, making an allowance for the industry rentals of comparable or equivalent Attributes in the vicinity, in addition to the house's measurement, spot, and affliction. How the Yearly Price is set remains the identical regardless of whether the flat is owner-occupied, vacant, or rented out. Property tax is then calculated by multiplying the Once-a-year Benefit via the prevailing tax amount, which happens to be progressive and may differ appreciably amongst proprietor-occupied and non-owner-occupied properties. For operator-occupied HDB flats, tax premiums are considerably reduced to inspire house possession.