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.
Glossary Term: Transient Occupancy Tax
The specific transient occupancy tax levied on short-term rentals by Oklahoma City, applicable to platforms like Airbnb and VRBO.
Adhering to local regulations and remitting required taxes on short-term rental income, often involving registration, collection, and reporting obligations.
A tax levied on the rental of accommodations, including short-term rentals, in many jurisdictions. Also known as a transient occupancy tax or lodging tax, it is typically calculated as a percentage of the rental rate and collected from guests.
A tax levied on guests staying in short-term rentals, often collected by the host and remitted to local tax authorities.
A tax levied on short-term rental accommodations, often collected by local governments or tourism boards.
Taxes levied by local governments on short-term rental income, often requiring hosts to register and collect from guests.
A tax levied on overnight accommodations, including short-term rentals, in many jurisdictions to generate revenue for tourism and local services.
A tax levied by local governments on short-term rental accommodations, typically based on a percentage of the rental income, which hosts are responsible for collecting and remitting.
Ensuring the collection and remittance of applicable occupancy taxes, such as hotel taxes or transient occupancy taxes, to local authorities.
The process of collecting and remitting occupancy taxes to local authorities as mandated by regulations for short-term rentals.
Taxes imposed by local governments on short-term rentals, often as a percentage of the rental income or a flat fee per night.