Check out this video on common FAQs about property tax for your low-rise industrial property. Find out how your property tax is calculated, how your Annual Value is derived, and more.
Timestamps
0:00 Introduction
0:18 What is property tax
0:32 Calculation of property tax
0:42 What is Annual Value
1:17 Rental Comparison Method
2:03 Example of the Rental Comparison Method
3:05 Revision of Annual Value
4:02 Property tax bill
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#PropertyTax101 #LowRiseIndustrialProperties
This information aims to provide a better general understanding of taxpayers’ tax obligation and is not intended to comprehensively address all possible tax issues that may arise. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves the right to vary our position accordingly.
