Programme on Property Tax Valuation

Programme Overview

• Participants will appreciate how the Annual Values for the different types of properties are valued or assessed using various valuation methods and the statutorily prescribed bases of assessment.

Admission Requirements

• Programme is recommended for participants who wish to acquire in-depth knowledge on PT valuation issues.

Target Audience

• Property owners, investors, and developers

• Professionals in real estate, finance, accounting, business, and law.

Programme Details

Topics

Introduction to Property Tax in Singapore – Salient Features 

1. Definitions of “Annual Value” (AV) 

2. The Three Principles of Assessment  

3. Valuation methods of assessing AV 

   • Rental Comparison Method  

   • Contractor’s Test Method 

   • Profits Method  

4. Statutory bases of assessing AV 

   • Section 2(7) – Annual Equivalent Value 

   • Section 2(12) – Percentage of Gross Receipts 

   • Section 2(6) – 5% of Estimated Value 

5. Valuation of Land - Market Value based on Highest & Best Use 

Course Fees 

Fee: $446.90 (incl. 9% GST) 

[Fee includes a book “Property Tax in Singapore – A Practical Guide” by Ang Sock Tiang]