The information and filing deadlines below are specific to Florida. Contact us for other States.

Property / Real Estate Tax

• Assessed on the value of the property and sent out around November 1st each year.
• Property Appraiser value is used rather than Market Value (the latter is generally higher)
• Payable annually to the County Tax Collector’s Office by 31^st March following.

Tangible Personal Property Tax

• Tax return filed annually to the Property Appraiser’s Office and due by March 31st.
• Late filing penalties after this date but bills sent out around November 1st each year.
• Levied on the furniture, fixtures and equipment over $25,000 located in rental property.

Sales & Use Tax/ Tourist Development Tax

• Payable on short term rental income (individual bookings of less than six months). 
• Filed monthly to the Florida Department of Revenue (DOR), due by 1st of month.
• Late filing penalties effective after 20th of month – $50 even if no income received!
• Your management company will usually collect and report all Sales and Use Tax.

Local Business Tax (previously Occupational License)

• Required of those who rent their US property and receive rental payments directly.
• Paid annually to the Tax Collectors Office (in County where the rental property is located).
• A Local Business Tax Receipt or Occupational License is issued by Tax Collector’s Office.

Hotel License

• Each property generating short term rental income (individual bookings of less than six months) must have a Florida Hotel License which is renewed annually by “DBPR”.
• Application and renewal of this license is usually handled by your management company