A. Rental of Residential Real Property. Every person engaging in the business of offering residential real property for rental shall pay an annual business operations tax of twenty-five dollars ($25.00) plus one dollar and seventy-five cents ($1.75) for each rental unit in excess of four units. Any person with fewer than four units is exempt from payment of the business operations tax. The maximum annual tax payable by any person is five thousand dollars ($5,000.00).
B. Hotels, Motels. Every person engaging in the business of renting out accommodations substantially on a transient occupancy basis shall pay an annual business operations tax of fifty dollars ($50.00) plus seventy-five cents for each rental unit in excess of four units per situs. The maximum annual tax payable for any situs is five thousand dollars ($5,000.00).
C. Rental of Nonresidential Real Property. Persons engaging in the business of offering nonresidential real property for lease or rental shall be taxed pursuant to Section 3.08.170 of this chapter. (Prior code § 23.04.404)