When it comes to property tax and government support in Singapore, there is one common magic number that the Singapore Government looks at.

The Annual Value (AV) of the residential property you are living in.

Generally, the Singapore Government views AV and Assessable Income (AI) as the main indicators to ‘measure’ how well off you are financially.

AV is used instead of flat types as it is a more accurate representation of how much the property is worth and serves as a proxy for the individual or household’s wealth.

These numbers and other eligibility criteria, determine how much government support you’ll get and how much property tax you need to pay.

In principle, these indicators are a form of means-testing that the Singapore Government uses to ensure that the aid is going to those who need it most.

Source: Giphy

Government support schemes like the longstanding GST