Investor · Evanston, IL · Member since 2016 · 4 posts · 0 votes
The taxes in my area are 13.5% on the rental amount. However, I notice that the amount that they claim to be remitting to be 15%. That is,1.5% higher than the actual taxes due. Is VRBO charging renters a fee for making the tax payment? Thanks.
Investor · Evanston, IL · Member since 2016 · 4 posts · 0 votes
3y
Michael Baum: They are definitely charging about 1.5% on top of the required taxes. I visited my own property, without logging into VRBO, and choose a rental period. Then reviewed the booking summary. There is not one word about a fee being charged on top of the taxes, but amounts are 1.5% more than what is required. They do not mention the tax % ... only the amount. I imagine that no renter will have any idea what the legally required tax amount is.
Investor · Evanston, IL · Member since 2016 · 4 posts · 0 votes
3y
Nancy Bachety: That's not the case here. There are three mandated taxes. State, County and local that add up to 13.5%. But VRBO is charging renters 15%.