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Comprehensive Plan Capital Improvements Element <br />Generally, the tourist tax levy is one or two percent. Counties, however, may set an additional one <br />percent above the original tax through an extraordinary vote of the governing board or by referendum. <br />Further, if a professional sports franchise facility is located within a county, an additional one to two <br />percent tourist tax may also be levied. The first one percent professional sports franchise facility tax <br />may be authorized by a majority vote of the governing board of the county, while the second one <br />percent tax must be authorized by a majority plus one vote of the governing board of the county. <br />Currently, Indian River County imposes the original two percent tourist tax, the additional one percent <br />tax, and an additional one percent professional sports franchise facility tax. <br />Out of Florida's sixty-seven counties, sixty-three currently levy a tourist tax. Of those sixty-three <br />counties, fifty-three counties, including Indian River County, impose an additional one percent tourist <br />tax; forty-four counties, including Indian River County, impose a one percent professional sports <br />franchise tax, and thirty counties impose the second one percent professional sports franchise tax. <br />Table 6.2 displays the tourist taxes imposed in counties that are geographically proximate to Indian <br />River County. Compared to neighboring counties, Indian River County imposes a similar level of <br />tourist taxes. Palm Beach County has the highest tourist tax levy of the six counties listed (6.0%), <br />followed by Brevard, St. Lucie, and Martin Counties at 5.0%. While Indian River County has a tourist <br />tax rate of 4.00%, Okeechobee County has the lowest tourist tax levy at 3.0%. <br />Table 6.2: Optional Tourist Taxes on Transient Rental Facilities <br />Original <br />Professional <br />Additional <br />Maxuial <br />County <br />Tourista <br />Additional <br />Sports <br />Professional <br />Potential /o <br />Total /o Levy <br />Tax <br />Franchise <br />Sports <br />Facility Tax <br />Franchise Tax <br />ry <br />Brevard <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <br />Indian River <br />2.00% <br />1.00% <br />1.00% <br />— <br />5.00% <br />4.00% <br />Martin <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <br />Okeechobee <br />2.00% <br />1.00°/x <br />------- <br />--------- <br />5.00% <br />3.00% <br />Palm Beach <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />6.00%* <br />6.00%* <br />St. Lucie <br />2.00% <br />1.00% <br />1.00% <br />1.00% <br />5.00% <br />5.00% <br />Note: Shading indicates those counties eligible to impose a particular tax <br />*Palm Beach County is 1 out of 9 counties in the state that can also impose a 1% High Tourism Impact Tax, which it currently does levee. <br />Source: I he Plorida Legislature's Office of Economic and Demographic Research website: November 2019 <br />Community Development Department Indian River County <br />Adopted December 3, 2019, Ordinance 2019-020 8 <br />