The Finance Department provides guidance and oversight for all fiscal activities of the City and Successor Agency, including: policy development; implementation strategies; budget development and control; debt management; tax rate calculation and certification; cash flow and investment planning; annual financial and special audit supervision; federal, state, county and other regulatory filings; capital projects and special financial analyses; cost allocations; contract fiscal review; expenditure control; revenue receipt, invoicing and cash deposits; issue business licenses; accounts payable; payroll preparation and reporting; employee retirement reporting; information technology, and direct customer service to the City Council, City Staff and General Public.
Transient Occupancy Tax
About the Tax
The City of King's Transient Occupancy Tax (TOT) in stated within the (Code) chapter 3.12.
For the privilege of occupancy in any hotel, each transient is subject to and shall pay a tax in the amount of ten % of the rent charged by the operator or otherwise payable by the transient. Insofar as the transient is concerned, said tax constitutes a debt owed by the transient to the city which is extinguished only by payment to the operator or to the city. The transient shall pay the tax to the operator of the hotel at the time the rent is paid. (Code)
Each operator shall, on or before the last day of the month following the close of each calendar month, or at the close of any shorter reporting period which may be established by the tax administrator, make a return to the tax administrator, on forms provided by the administrator, of the total rents charged and received and the amount of tax collected for transient occupancies. At the time the return is filed, the full amount of the tax collected shall be remitted to the tax administrator. Any return, including the amount of tax collected, not received by the city treasurer by the end of the fifth working day following the month in which said return is due shall be considered delinquent and shall be subject to penalties and interest pursuant to Section 3.12.080, i.e., August tax due by September 15th, delinquent after the fifteen of the following month. (Code)
Print and complete the (tot). Please be sure to include a hand signature and date at the bottom of the printed form before submitting it to the Finance Department at:
212 S Vanderhurst
King City, CA 93930
Late Payment Penalty
A penalty of 10% shall be added to the taxes not paid within the required time. An operator who fails to remit a delinquent remittance on or before a period of 30 days following the date on which the remittance first becomes delinquent shall pay a second delinquency penalty of 10%. Interest shall also be added at the rate of half a % per month, or fraction thereof, on the tax from the date on which the remittance first became delinquent until paid. (Code)
- Who needs a business license?
All persons or companies conducting business within the city limits are required to obtain a City of King Business License.
- How do I apply?
All persons or businesses applying for a business license must complete the (Code). Where the business resides determines what steps to take and if more than a completed application is needed.
Contact the Finance Department at 831-386-5920 if you have questions.
Fees & Taxes
When you first obtain your business license, you will pay an amount for your annual business license tax. Your business license tax will be determined by the classification of your business set forth in the (Code).
There is a list of the most common classifications and rates on the back of the (Code).