Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the daily rental property tax and what is the tax rate?

April 26, 2017rate rental tax

0

10 Posted

What is the daily rental property tax and what is the tax rate?

1 Answer

0

10 Posted

The daily rental property tax is collected by businesses that derive at least 80 percent of their rental receipts (excluding the rental of vehicles licensed by the state) from rental of personal property for 92 consecutive days or less. The tax rate is 1 percent charged to the consumer at the time of rental payment. For additional information, please visit the Finance Department Revenue Division website or call (804) 501-7329.