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.
The process of collecting and remitting occupancy taxes to local authorities as mandated by regulations for short-term rentals.
Ensuring the collection and remittance of applicable occupancy taxes, such as hotel taxes or transient occupancy taxes, to local authorities.
Taxes imposed by local governments on short-term rentals, often as a percentage of the rental income or a flat fee per night.