Do I Have to Register My Rental House?

By
Real Estate Agent with Realty ONE Group

I get this question a LOT. Let's say you decide to buy another house or you move out of state but you don't want to sell the house you currently are in. You decide to keep it as a rental either for cash flow or until the market prices go up high enough to sell for a profit. This house is now considered a residential rental. It is no longer a primary residence. Who cares about that terminology? The County Assessor and the City it is located in. Why? Because you are now in a different tax class. Yep, that is right. You need to be assessed differently and in most cities, you will also be charged a transaction privilage tax because it is considered a business.

So, the Big Quesion is Do I Really Need to Register it? And How will they Ever Know?

The answer is Yes, you really do need to register it and sign up with the city as well. The Cities have been know to check into addresses to make sure they are registered correctly.

Now, What will happen if you Don't register...

Register Your Rental

It is the law to Register your rental property, and as you can see from above, you really don't want to take the chance.

 

 

Posted by

Betsie Melter, REALTOR, GRI, ABR

Realty ONE Group

3530 S. Val Vista Dr. #114 Gilbert, AZ 85297

480.734.3644

realtorbetsie@gmail.com

www.betsiemelter.com

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Topic:
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Location:
Arizona Maricopa County
Tags:
rental registration maricopa county arizona
rental tax rate
county assessor rental registration
do i have to register rental home

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Rainmaker
664,322
Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

In Florida we have Homestead exemption. If you rent you will loose your exemption on the next tax year. No registration here. More taxes for nothing

Aug 29, 2012 06:31 AM #1
Rainer
33,030
Betsie Melter
Realty ONE Group - Chandler, AZ

Interesting. I love to see how the states differ.

Aug 29, 2012 06:40 AM #2
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Rainer
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Betsie Melter

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