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Old 01-04-2008, 11:46 AM
 
Location: Utopia
1,999 posts, read 6,178,374 times
Reputation: 1314
Question Florida tax on rental property?

If one purchases a condo, home or whatever and rents it out to tenants, how does Florida tax that? And does anyone know the rate of taxation if there is one?
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Old 01-04-2008, 12:35 PM
 
6 posts, read 42,335 times
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If you have a written agreement with the tenant that is longer than six months it is not subject to Florida sales tax, anything shorter than that is considered transient rental and is subject to Florida sales tax.

The tax rate depends on the county that the property is in.....you can find more answers at the Department of Revenue website Florida Department of Revenue home page

Last edited by boas_babygirl; 01-04-2008 at 12:36 PM.. Reason: spelling
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Old 01-04-2008, 03:29 PM
 
Location: tampa fl-Soddy Daisy Tn
184 posts, read 547,891 times
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It will be taxed at the rate for your county/city non homesteaded rate, as is not your primary residence. In other words you have no caps on tax increases and the property is assessed yearly and taxed based on market rates.
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Old 01-04-2008, 04:29 PM
 
Location: Utopia
1,999 posts, read 6,178,374 times
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Well, of course...what was I drinking this morning? I thought it was coffee... Somebody needs to wake up...sorry. The answer was obvious.
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Old 01-04-2008, 06:51 PM
 
12,360 posts, read 7,580,019 times
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if the new property tax bill passes, it will have a cap also, just a higher cap than residential property.
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Old 03-03-2013, 07:11 AM
 
3 posts, read 9,769 times
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Someone told us that Sarasota County was being sued over the legality of the taxes charged for vacation rentals. Does anyone know anything about this?
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