TAHOE CITY, CALIF. -- In order to have proper accounting of Transient Occupancy Tax (TOT) revenues, Placer County will be asking about 2,300 property owners in the Tahoe City area if their properties have been used for rental purposes. The County's Revenue Services division will send letters to these property owners, beginning Oct. 5, 2007. The letters use information gleaned from the Assessor's property records to ask property owners if what they own in Placer County is used as a rental. Letters to other property owners in the county will follow.
Properties that are been rented for periods of 30 days or less are subject to Transient Occupancy Tax (TOT) code. Properties that are used for short-term rental are required to have a Transient Occupancy Tax Certificate Number and pay taxes.
The review of TOT properties helps ensure fairness and competitiveness among local businesses and vacation properties that are required to collect Transient Occupancy Taxes. Past audits have shown that most properties conscientiously collect and report the taxes.
The county directs 60 percent of the TOT collected on the North Shore to support tourism marketing and promotions, transportation, visitor support services and infrastructure development. The balance of TOT revenues is used by the county to help offset the cost of county services in the area. Infrastructure development has been aided by TOT funding and the cooperation of the county Redevelopment Agency.
For more information, please contact Placer County Revenue Services Division (530) 889-7786.