Chicago Hotel Tax Rate 2024. Chicago levies a 4.5% hotel accommodations tax on the gross rental revenue from leasing hotel. Office of budget and management.
This rate is applied to the cost of the room, excluding any other taxes or fees. Key performance indicators for 2021 include:
Rates Do Not Include A 17.4% Chicago Hotel Tax Rate (Subject To Change).
For example, if a hotel.
Downtown Chicago Hotels Are Raising Rates, Even As They Struggle To Fill Rooms, As The Cost Of Goods And Labor Increases In Tandem.
Base rate of 4.5% of the gross rental or leasing charge.
The Effective Composite Hotel Tax Rate In Chicago, Including Hotel Taxes Imposed By Other Governments And Agencies, Is Currently 17.4%, And The Composite Rate.
Images References :
Chicago's Hotel Tax On Jan.
Through the first half of 2023, hotel revenue surged to a record high of $1.12 billion.
121 North Lasalle Street, Room 604 Chicago, Il 60602 Phone:
April 24, 2024 / 10:27 pm cdt / cbs chicago.