Most owner-occupied homes will pay less in property tax next year, the Inland Revenue Authority of Singapore said on Tuesday.
Under the new Progressive Property Tax Rates regime announced during Budget 2013, all owner-occupied HDB flats and three-quarters of owner-occupied private homes - or 95 per cent of owner-occupied homes - will see lower property tax bills.
Taking into account non-owner-occupied homes, 80 per cent of all homes will pay lower property tax next year.
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