Stix Realty - Value Listing

08/16/2024

RESIDENTIAL RENTAL TAX CHANGES
ADOR is informing property management companies and residential rental property owners of upcoming changes to Arizona tax law for residential rental properties. Starting January 1, 2025, residential rental property owners should no longer collect and remit any city transaction privilege tax (TPT) on the income derived from long term lodging stays of 30 days or more to ADOR. (Laws 2023, Chapter 204 and A.R.S. § 42-6004 (H))

Residential rental - business code 045 - is the rental of real property for a period of 30 or more consecutive days for residential purposes only and not commercial.

Currently, there is no state or county tax imposed on residential rentals, and the upcoming change to the tax law will eliminate the city tax. While there will no longer be a city TPT obligation beginning January 1, 2025, this does not affect the obligations to register the property with the county assessor to comply with landlord tenant laws or other compliance requirements from government entities.

Please note hotel, motel, or other transient lodging businesses which book stays for fewer than 30 days must still collect and remit TPT under the transient lodging or hotel classification.

For more information on this change and frequency asked questions, please visit azdor.gov/business/residential-rental.

Home Business Transaction Privilege Tax Residential Rental Guidelines Residential Rental Guidelines Attention property owners and property management companies: Remember even if you did not rent the property for a filing period, you must still file a $0 TPT return. Residential Rental is the rental o...

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