Taxes

Rentals carry lodging and occupancy taxes that vary by property and jurisdiction. The Taxes view keeps every applicable tax in one place — the rate, who it’s remitted to, how often, and when it’s next due — so nothing sneaks up on you.

Tracking Tax Rates

Each entry captures a tax that applies to a property:

• Tax name — for example, Transient Occupancy Tax, Transient Lodging Tax, State Sales Tax, or a Tourism Improvement Fee.
• Rate — the percentage applied.
• Remit to — the agency the tax is paid to (a county treasurer, a state department of taxation, a city finance department).
• Frequency and next due date — monthly or quarterly, and when the next payment is due.
• Estimated amount — a projection of what you’ll owe.

Use Add Tax to record a new tax for a property as you take it on or as rules change.