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Tax Rate for Transient/Short Term Renters
In Sumter County, what percentage of the rental amount must the property owner pay in Sales Tax or any other tax? And do most Landlords include this in the rental amount or is it a separate charge???
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In Sumter County, the transient rental income tax is 7 percent, which includes the Florida state sales tax of 6 percent plus the Sumter County surtax of 1 percent. I don't know how most landlords apply the tax, but I don't see how it matters.
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I think it would matter if renting. If the rent is $2000 a month do you pay $2000 or $2140. Over a 4 month rental it adds up or for a more expensive rental. It is something that should be listed in any ad.
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It does matter what the tax is if your renting your only paying whatever the landlord is charging and you accept to pay , the tax is not your concern
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The tax is embedded in the rent payment, is, all taxes and fees included, the landlord pays, versus a hotel, which is priced as a retail transaction, tax and fees excluded. are you paying or collecting?
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most "for rent by owner" properties incude the tax in the listed rental fee. However I would ask during the negotiations with the owner. Not sure about The Villages or property management companys.
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All you need to be concerned about when renting a vacation home, is the price you pay, and if can trust that the rental is not a scam, and the rental information accurately reflects the condition of the rental property.
When we rented vacation homes and condos, we used ****. We only rented properties with a minimum of 4 good reviews. There are fees with **** besides the cleaning fee. **** gave us the peace of mind and protection from being ripped off by a scammer. Not being ripped off by a scammer, and good reviews should be your primary concern when renting a vacation property. The landlord is responsible to pay the state and county taxes, and follow the government regulations. If the landlord doesn’t pay the taxes or follow the regulations, that’s beyond your control, and you shouldn’t be concerned about that. You can only assume that the landlord pays the taxes and follows the rules and regulations. If you want to protect yourself a little more, you can bring a smoke detector / carbon monoxide detector with you to the vacation rental property. I’ve done that in the past. |
Back in 2010 and 2012 when I rented this tax was added t the total cost and it was paid to the management company of the property. They said they had to pay the tax so it was added. This was a property advertised on The Villages rental site.
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