Agent For Commercial Lease In Pima
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level tax rate structure of 2.3% and 2.0% applies to the business activities of Retail Sales and Use Tax. Special rates apply to Advertising at 0.5%; Rental of Commercial Real Estate Property at 2.4%; ShortTerm Motor Vehicle Rental at 4.3%; Hotel/Motel at 5.3%; Utilities at 2.7%; and Telecommunications at 4.7%.
Property tax rates in Pima County are the second highest of any county in Arizona. The average effective property tax rate in Pima County is 0.84%. That is higher than the state average, and the typical Pima County homeowner pays $2,161 annually in property taxes, which is also above average statewide.
There are five counties in the state of Arizona that require you to collect and remit county taxes for commercial leases. Those counties are Coconino, Gila, Maricopa, Pima and Pinal.
Review the Lease Agreement. The assignor (current tenant) should review the existing lease agreement to understand the terms and conditions associated with the lease assignment. Obtain Landlord's Consent. Negotiate Terms. Deed of Assignment. Land Registry Notification. Completion and Handover.
It consists of the 5.6% AZ state sales tax, 0.5% Pima county, and 2.6% city. If your address is outside the city limits then the rate on your lease payment would be 6.1%.
Although the State of Arizona does not currently impose sales tax on proceeds from renting real property, four of Ari- zona's 15 counties (Gila, Maricopa, Pima, and Pinal) impose sales tax at the rate of 0.5% on such proceeds.
