Quote:
Originally Posted by Pairadocs
So,just asking for the TRUTH so I am not naive as to why the sates of Florida, and all others desire more short term rental property in (once ?) stable neighborhoods and community developments ? Every time a property in the Villages is rented, for a night, or a weekend, does the STATE collect a tax from the land lord ? What about the county ? Do land lords here have to pay a tax to the county on each night's transaction, much like a motel, which actually, they are ! ? If the State and the county are making money on every night's rental, plus the land lord pays property taxes of course, so that would explain things a bit more !
|
Yes. Yes. Yes.
STR's are taxed similar to hotel rooms. They pay Sales Tax and Local Option Transient Rental Taxes.
https://floridarevenue.com/Forms_lib...t/gt800034.pdf
One of the more obvious reasons STR's are supported by most state governments, is their overall effect on the economy. Statistics say that vacationers spend more money locally, than residents do. Which means STR's bring in more money to local businesses, which in turn provides jobs and increases tax revenue.