The income received from the operation of all real property rental by persons or business entities is subject to the license fee and tax imposed by this chapter, with the following exception: natural persons who offer no more than five residential units for rent. A UNIT shall be considered one residential dwelling, regardless of its configuration. In other words, a unit could be a rental home, or a single dwelling within a multi-dwelling structure such as an apartment complex or duplex. If this applies, then no license fee shall be imposed.
(Ord. passed 11-20-2018)