I am happy to report that I have some good news regarding tourism numbers. Resort tax collections in Orange County were raised almost four percent in the month of June. This should be good news for people that are looking to purchase an Orlando vacation property in our current buyers market.
The six percent hotel tax had produced $14.9 million in June. $12.4 million was taken from the first five cents of the tax. The sixth cent took $2.5 million. The sixth cent was added in September by The County Commission.
The June 2007 tax receipts had increased to $466,000 or 3.9 percent. In June 2006, the five percent rate created $11.9 million.
It is definitely encouraging to know that the resort tax had increased some after two months of declining tax collections. Cumulative collections have also increased five percent compared to the same time period of the previous fiscal year.
Resort taxes are charged on things such as motels and hotels, anything that has a short-term rental attached to it.
Jeffrey G. Funk, P.A.
Realty Executives Central Florida
7932 West Sand Lake Road • Suite 302
Orlando, FL 32819