To determine the Annual Value (AV) of a property, which is used to determine the amount of property tax you need to pay for your residential property, IRAS considers the following: 1. rentals of similar or comparable properties in the vicinity 2. the size of the property 3. location of the property 4. the condition of the property and 5. other relevant physical attributes #propertytax2025 #understandingav #annualvalue