SHORT TERM RENTAL TAX: City of South Padre Island City Ordinance No.15-03 FAQ

SAM_6224If you own a condo or home that you rent in South Padre Island, you need to read about the new Ordinance that recently passed. You must register and pay hotel occupancy tax whether you use a property manager or not. Read below.

The City of South Padre Island has recently passed an Ordinance requiring all property owners who advertise their property for short term rental to register their residential rental unit (s) (house, condo, apartment or bedroom) with the City, AND to comply with all applicable laws including the collection and remittance of hotel tax. Registration forms will be available online starting May 15th 2015 and the final compliance date is July 1st 2015. To answer any questions you may have, call Customer Service: (956) 761-8382 or Email: HotTax@SoPadre.com.

If you have a Rental Property Manager on the island they will be handling the registration process for you.

To download the Short Term Rental tax registration form, click here.

What constitutes a Short Term Rental?

Short term rentals are residential dwellings; single family residence, apartment, residential condo, or other residential real estate rented for less than 30 days.

When can I register?

The on-line registration form will be available on May 15, 2015. The registration compliance deadline is July 1, 2015.

Who can register my Short Term Rental?

Registration is the legal responsibility of the property owner; however, a management company/rental agent can register for the property owner.

How do I register?

An online registration form is available as well as on-site registration at the South Padre Island Convention Centre located at 7355 Padre Blvd, South Padre Island, TX 78597.

Is there a fee to register?

Short term rental property owners who have not been properly remitting their hotel occupancy taxes will be charged a registration fee of fifty dollars ($50).

This fifty dollar ($50) registration fee will be waived for those property owners

who have been remitting their hotel occupancy taxes.

What happens once I register?

After your short term rental is registered, a registration number will be assigned to your property. This registration number must be listed on any and all advertisements.

What if I have more than one property?

Each property must be registered separately and they will each receive an individual registration number.

What if my information changes after I register?

If any information on the registration form changes, the owner or management company/rental agent must modify that information within 30 days.

Who can be my local emergency contact?

The local emergency contact is the person designated by the owner or management company/rental agent who must be available twenty-four (24) hours

a day, seven (7) days a week. This person must be able to respond within one

(1) hour of a property complaint and be able to take action to resolve said complaint.

What if I don’t register my Short Term Rental?

Any violation of Ordinance NO. 15-03 may be punished by a fine not to exceed Five Hundred Dollars ($500) for each offense or for each day such offense continues.

HOT tax form:

City of South Padre Island HOT tax form – 2015

Special to the Port Isabel PRESS

Advertisements

About padreeliteteam

Alta Monroe, Gayle Hood, Jules Wilk & Laurie Howell are a full-time professional and dynamic team known as the Padre Elite Team with RE/MAX 1st Choice in South Padre Island. Quality service for their clients is their number one priority. To them, it is about the client's needs and protecting their interests. Finding just the right property for their buyers or helping their sellers get their property SOLD is their goal. Helping clients step through the complicated process of buying or selling a property to a smooth closing is essential to them. A personal Bio on each of the team agents is posted on their website at www.PadreEliteTeam.com. The South Padre Island real estate industry is changing faster than ever these days. With the changes in the economy, there are new challenges with buyers, sellers, foreclosures, short sales, Internet marketing, our education, increases in inventories, changes in comparable sales, and frustrating politics. Alta, Gayle, Laurie, and Jules strive to stay on top of all of these changes and to keep in touch with their clients. Alta, Gayle, Jules & Laurie all hold designations they have acquired through eduction. These designations include CLHMS, CRS, GRI, RSPS, CPN, ePRO, SFR and RSPS. Gayle and Jules both hold the CLHMS (Certified Luxury Home Marketing Specialist) designation and they are the ONLY agents in the entire Rio Grande Valley that are members of the Institute of Luxury Home Marketing. This better qualifies them to share their specialized expertise with a luxury home seller or buyer. Making sure the buyer and the seller are represented correctly is a priority for this team. Investing in TREPAC (Texas Real Estate Political Action Committee) is important to this team since TREPAC has proven to be a major force in Texas by lobbying for Realtors and property rights for the consumer. For many years, the Padre Elite Team has been a major investor in TREPAC. Alta and Gayle have attended the National Association of Realtors Mid-Year Conference in Washington, D.C. often. The conference is primarily for Realtors that are Board directors or executives. It is a great way to stay on top of the current issues facing Realtors and homeowners in our country. They get to meet with their Senators and Congressmen to express their concerns. Last year they were invited to attend the Realtor PAC President’s Circle Conference in New York where they heard many famous guest speakers regarding current real estate issues. The Padre Elite Team also attends the RE/MAX International Conference each year to acquire more education and to keep up with the latest technology available to Realtors in the Marketplace. They have received numerous awards for being Top Producers in the real estate industry. Education is a priority for this entire team including their assistant, Grace. The GOOD news is that 2012, 2013, 2014 and now 2015 proved to be better each year for real estate sales in South Padre Island and the surrounding areas of Port Isabel, Laguna Vista/South Padre Island Golf Community, and Bayview. The real estate market is showing an increase in the number of sales and a leveling of values. Now that the market has hit the bottom, investors are finding that real estate is a great place to invest their money. It is still a buyer's market and a great time to buy. Alta, Gayle, Jules & Laurie all agree that it has been such a pleasure to live & work in a resort area such as South Padre Island. A hundred of your closest friends and family will visit when you live near the beach! Clients are always encouraged to contact them. For more information about this team and to view their blog, visit www.PadreEliteTeam.com.
This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s