The lowest annual property tax payable in 2012 (after rebate) for a 4-room flat was $77. This will increase to $128 (after the $40 owner-occupied HDB rebate) in 2013.
In 2014, after the $40 one-off rebate, the property tax for the above example would be $168.
This means an increase of 118 per cent from 2012's $77 (after rebate).
Isn't this a very huge increase, which may be way above the increase in market rentals?
Why do we all just accept property tax increases in such a manner as a matter of course without much of a whimper? Full story
