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The Rental Unit Business Tax is assessed annually on a calendar year basis upon anyone who owns, operates, or manages the rental of any residential real estate. Residential real estate includes single family residences, multiple family residences, mobile homes, trailers, apartments, bungalows, hotels, motels, and any property advertised or otherwise held out for lease or rent during the calendar year.

Your newly purchased properties will be picked by the city in the following year.