Is there tax on furnished apartments?
Sales tax is applicable to rentals of six days or less. For rentals of seven days or more sales tax is waived. • SALES TAX: • For stays of 1-6 nights, there is an 8.375% tax rate on the rent • For stays of 7 nights or longer, the NYC tax rate of 8.375% does not apply • HROT Hotel Room Occupancy Tax: • Regardless of the length of stay, there is 5% HROT tax on the rent • DAILY ROOM SURCHARGE (DRS): • $2 PER ROOM PER DAY • Studio is 1 room: $2/per day • 1 Bedroom is 3 rooms: $6/per day • 2 Bedroom is 4 rooms: $8/per day • 3 Bedroom is 5 rooms: $10/per day • The DRS is added after the taxes are calculated. It is not a taxable surcharge.
