Good Afternoon,
Effective January 1, 2020, the state sales tax rate imposed under section 212.031, Florida statutes, on the total rent charged for renting, leasing, letting, or granting a license to use real property is decreased from 5.7% to t.5%. Please see the attached notice for further details.
Victor
Victor J. Raymos, RCE, CRS, ABR
Association Executive/CEO
St. Augustine / St. Johns County Board of Realtors
ae@stjohnsrealtors.commailto:ae@stjohnsrealtors.com
Phone: 904-829-8738
Fax: 904-823-9512
Good Afternoon again,
Just so it is clear this state sales tax rate only applies to Commercial transactions!! Also, I corrected a typo that was contained in the email sent out and the correction is in red (see below). I was reminded that St. John's County has a .5% county surcharge so the effective rate is 6% (5.5% plus the County surcharge of .5% for a total effective rate of 6%).
Victor
Good Afternoon,
Effective January 1, 2020, the state sales tax rate imposed under section 212.031, Florida statutes, on the total rent charged for renting, leasing, letting, or granting a license to use real property is decreased from 5.7% to 5.5%. Please see the attached notice for further details.
Victor
Victor J. Raymos, RCE, CRS, ABR
Association Executive/CEO
St. Augustine / St. Johns County Board of Realtors
ae@stjohnsrealtors.commailto:ae@stjohnsrealtors.com
Phone: 904-829-8738
Fax: 904-823-9512