An agreement between a short-term rental operator and a local government or tax authority where the operator agrees to collect and remit lodging taxes on behalf of their guests.
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Glossary Term: Occupancy Tax
17 posts
A tax levied on short-term rentals, typically collected from guests and remitted to local authorities.
A tax imposed by local governments on overnight accommodations, including hotels and short-term rentals, to generate revenue for tourism-related expenses and infrastructure.
A fee charged to visitors by local governments or tourism boards, often added to the cost of accommodations or other tourism-related services. Revenue generated typically supports local infrastructure, tourism promotion, or cultural preservation.
Taxes levied on short-term rental income by local or state governments, often subject to specific regulations and collection methods.
Understanding and complying with local lodging taxes, occupancy taxes, and other jurisdiction-specific tax requirements for short-term rentals.
Local government levies imposed on the assessed value of a short-term rental property, often subject to specific regulations and rates.
A hypothetical example of a local occupancy tax specific to Oquawka, Illinois. Short-term rental hosts in this area would be responsible for collecting and remitting this tax.
The specific transient occupancy tax levied on short-term rentals by Oklahoma City, applicable to platforms like Airbnb and VRBO.
Fulfilling tax obligations related to income generated from short-term rental activities, including occupancy taxes and income tax reporting.
Taxes imposed by local governments on short-term rentals, often including occupancy taxes, tourism taxes, or specific short-term rental fees.
A tax levied on guests staying in short-term rentals, often collected by the host and remitted to local tax authorities.