WHAT IS THE ROLE OF PROPERTY MANAGERS?
If your property is handled by a property manager, the property manager may have their own Tourist Development Tax account and will submit the Tourist Development Tax payments for all of their clients in a consolidated return. You should verify this with your property manager. In addition to the consolidated return, all property managers are required to provide an itemized list of all properties and rental amounts collected each month. However, you should be aware that as the property owner, you are ultimately responsible for the required tax being paid. Any failure by your property manager to pay the tax may result in penalties being applied against you, as the property owner. If your property is handled by a property manager, but you also directly rent the property yourself, you are responsible for submitting Tourist Development Tax returns for the taxes you collect from these rentals. You will need an individual Tourist Development Tax account on which to report these rentals.

WHAT ARE THE PENALTIES FOR NONCOMPLIANCE OR LATE SUBMISSIONS?
Penalties are assessed at the rate of 10% of the taxes or $50 whichever is greater. Interest is assessed at a variable rate that is updated on January 1 and July 1 of each year. The collection allowance is not allowed for late submission or noncompliance. If an incomplete tax return is filed for a period, then the collection allowance will be reduced by 10%. The charge for a dishonored check is based on the current rate established by County Ordinance or Resolution. Excessive returned checks will result in the requirement to submit future tax, penalty and interest payments in cash or by money order. Fraud is dealt with very severely, in accordance with the provisions and to the full extent of Florida Law.



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