Occupancy tax changes for your vacation rental
May 15, 2009 Palm Desert could be missing out on significant amounts of transient occupancy taxes due to lax enforcement of its laws on vacation home rentals. The city requires anyone renting out a home for less than a month to pay the tax, and a quick search of vacation home rental sites on the Internet shows hundreds of homes and condos available. Vacation homes in the city rent for about $150 to more than $500 per night, with weekly prices running from $750 to several thousand dollars. The city's transient occupancy tax is 9 percent. More about this vacation rental tax on mydesert.com
To deal with budget constraints and millions of dollars in lawsuit costs, Malibu city staff has proposed the collection of transient occupancy taxes on private home rentals. City staff on Monday recommended that Transient Occupancy Taxes of 12 percent of rental income from private homes leased for 30 days or less be collected beginning July 1. (A property owner will have to pay $120 per $1,000 in rent charged.) More on this from the Malibu Times
