Tax Rate for Transient/Short Term Renters

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Old 01-12-2021, 10:26 PM
TJLAMPHERE TJLAMPHERE is offline
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Default 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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Old 01-12-2021, 10:49 PM
retiredguy123 retiredguy123 is online now
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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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Old 01-13-2021, 03:10 PM
Garywt Garywt is offline
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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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Old 01-13-2021, 03:23 PM
retiredguy123 retiredguy123 is online now
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Originally Posted by Garywt View Post
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.
I agree, but the only way to know for sure is to ask. Hotels don't list the sales tax in their ads.
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Old 01-13-2021, 05:42 PM
charlieo1126@gmail.com charlieo1126@gmail.com is online now
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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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Old 01-13-2021, 06:40 PM
Garywt Garywt is offline
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I agree, but the only way to know for sure is to ask. Hotels don't list the sales tax in their ads.
Maybe not the exact amount but just plus tax is listed for hotels.
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Old 01-13-2021, 08:26 PM
CoachKandSportsguy CoachKandSportsguy is offline
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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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Old 01-13-2021, 09:04 PM
cb1972 cb1972 is offline
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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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Old 01-14-2021, 06:58 AM
MayaC MayaC is offline
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Quote:
Originally Posted by TJLAMPHERE View Post
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???
I list what tax is required by the state and itemize that tax in the rental agreement so that no one is suprised with all of the fees.
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Old 01-14-2021, 07:55 AM
crash crash is offline
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Quote:
Originally Posted by Garywt View Post
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.
It is include in your rent the landlord pays it not the renter.
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Old 01-14-2021, 09:32 AM
davephan davephan is offline
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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.
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Old 01-14-2021, 10:14 AM
nikonuser1 nikonuser1 is offline
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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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Old 01-14-2021, 06:02 PM
big guy big guy is offline
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Quote:
Originally Posted by TJLAMPHERE View Post
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???
It's about 13% and we included it in the rent. If a tenant stayed 6 months plus 1 day, they didn't have to pay. (Nor did we).
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Old 01-14-2021, 06:16 PM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by big guy View Post
It's about 13% and we included it in the rent. If a tenant stayed 6 months plus 1 day, they didn't have to pay. (Nor did we).
I don't think the current tax in Sumter County is 13 percent. It is 7 percent, which includes a 6 percent state tax and 1 percent county tax.
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