Understanding Taxes on Short Term Rentals in Pinellas

Are you considering renting out your property as a short term rental on platforms like Airbnb or VRBO in Pinellas County, Florida? It’s important to understand the taxes and fees associated with this type of rental. In this blog post, we will discuss the main taxes and fees you need to be aware of when operating short-term rentals in Pinellas County.

Tourist Development Tax:  One of the key taxes applicable to short-term rentals in Pinellas County is the Tourist Development Tax. This tax amounts to 6% of the total rental amount and is collected by either the property owner or the rental platform used, such as Airbnb or VRBO. To learn more about the Tourist Development Tax, you can visit the Pinellas County Tax Collector’s website at  https://www.pinellastaxcollector.gov/property-tax/tourist-development-taxes/

Sales Tax:  In addition to the Tourist Development Tax, short-term rentals in Pinellas County are also subject to sales tax. The current sales tax rate in Pinellas County is 7%. Property owners, rental platforms, or property managers are responsible for collecting and remitting the sales tax on the rental income.

Business Tax Receipt:  As a property owner who rents out your property on a short-term basis in Pinellas County, you are required to obtain a Business Tax Receipt (formerly known as an occupational license) from the local government. The cost of the receipt may vary depending on the city and the type of rental operation you have. You can find more information about obtaining a Business Tax Receipt on the Pinellas County government website at  https://pinellas.gov/occupational-licenses/

It’s essential to stay informed about any changes or updates to the regulations for taxes on short term rentals in Pinellas County. We recommend checking with the local government or consulting a tax professional to ensure compliance with the latest requirements.

If you’re curious about where short-term rentals are allowed in Pinellas County, we have compiled a summary guide of the rules for each city. You can find this guide at https://cashpad.w8less.work/local-short-term-rental-rules/

If you’re interested in purchasing a property specifically for short-term rental purposes, our website offers a comprehensive search page where you can explore homes for sale. Each listing includes income estimates to help you make an informed investment decision. Visit our  Search Page or Contact Us directly for personalized assistance.

Happy hosting and investing!