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Are You A Landlord Doing Seasonal Rentals
Changes have taken place for landlords doing seasonal rentals in Palm Beach and other south Florida counties. On the upside the taxes have decreased. It is slight but every little bit helps! They have now also moved to an online platform and every landlord who rents for less than 6 months must register each of their properties and receive a number to pay these taxes online. If you have any question feel free to reach out to GIA Realty Team at www.giarealtyteam.com. You may also go there to get a free property valuation in case you are thinking about selling.
Effective January 1, 2018, the state sales tax rate on the total rent charged for seasonal rents is decreasing from 6% to 5.8%.
Seasonal rental charges paid on or after January 1, 2018 are subject to 5.8% state sales tax, plus any applicable discretionary sales surtax.
(This means if your lease starts in 2017, the sales tax rate is 6%)
So, effective January 1, 2018 the total sales tax rates will be as follows for the following counties we service:
Palm Beach County 12.8 %
Collier County 10.8 %
Indian River County 10.8 %
Martin County 10.8 %
St. Lucie County 11.3%
Seasonal rentals seemed to be in lower demand this year than in most years, perhaps it was near hurricane Irma or the pleasanter climate up North but we are expecting large numbers for 2019 and these changes will be important before you list your property for next year. The most significant changes are listed below regarding online registration are below:
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