Thread: Rental question
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Old 09-05-2019, 02:56 PM
Arubagirl33 Arubagirl33 is offline
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Quote:
Originally Posted by karostay View Post
Florida rental tax is 7% depending on your county
Sumter is 2 % development for a tax total of 9%
To be tax exempt the term has to be greater than 6 months
6 months or less doesn't qualify for tax exempt status
Yes, Correct! Greater than 6 Months. I didn’t word it properly. Our Rental was Sold 3 years ago. The percentage I quoted was what we paid. Sorry and Thanks for the update.