What is the rate of short-term rental taxes in Florida?
The rate is the standard Florida sales tax rate that applies to purchases. Counties can and generally do impose an additional Local Option Transient Rental Tax. This is effectively an additional sales tax on short-term rentals. The additional rates range from 2% to 7%. That puts total sales taxes on short-term rentals at around 6% to 14%.
Are there additional costs to consider when renting out property as a short-term rental in Florida?
State and local sales taxes apply to short-term or transient rentals. The rate is the standard Florida sales tax rate that applies to purchases. Counties can and generally do impose an additional Local Option Transient Rental Tax. This is effectively an additional sales tax on short-term rentals. The additional rates range from 2% to 7%.
What is the sales tax rate on commercial rentals in Florida?
Florida charges sales tax on two types of rentals — commercial and short-term. A commercial rental is a rental to a business. It can include offices, retail stores, warehouses, meeting rooms, and other properties used for business purposes. The state sales tax rate on commercial rentals is 5.5%.
What is the Local Option Transient Rental Tax in Florida?
The rate is the standard Florida sales tax rate that applies to purchases. Counties can and generally do impose an additional Local Option Transient Rental Tax. This is effectively an additional sales tax on short-term rentals. The additional rates range from 2% to 7%. That puts total sales taxes on short-term rentals at around 6% to 14%.
Sales and Use Tax on Rental of Living or Sleeping Accommodations