Taxes & Fees: Asbury Park vs Red Bank
How do taxes & fees rules compare between Asbury Park, NJ and Red Bank, NJ?
Red Bank has fewer restrictions than Asbury Park.
Asbury Park, NJ
Monmouth County
STR operators in Asbury Park pay a $500 initial permit fee ($100 renewal), NJ 6.625% sales tax on transient accommodations, 5% state occupancy fee, and potentially up to 3% municipal occupancy tax. The city's STR cap of 180 days per year limits revenue potential.
View full Asbury Park rules →Red Bank, NJ
Monmouth County
Red Bank STR operators must register as a commercial entity and pay applicable NJ taxes: 6.625% sales tax on transient accommodations, 5% state occupancy fee, and potentially up to 3% municipal occupancy tax. STR permit fees apply through the Fire Marshal's office.
View full Red Bank rules →Key Facts Comparison
| Fact | Asbury Park | Red Bank |
|---|---|---|
| Permit Fee | $500 initial, $100 renewal | - |
| NJ Sales Tax | 6.625% transient stays | 6.625% transient stays |
| State Occupancy | 5% fee | 5% fee |
| Annual Cap | 180 days maximum | - |
| Municipal Tax | - | Up to 3% allowed |
| Registration | - | Commercial entity required |
Highlighted rows indicate differences between cities.
Asbury Park FAQ
What taxes do I owe on short-term rental income in Asbury Park?
STR operators in Asbury Park pay a $500 initial permit fee ($100 renewal), NJ 6.625% sales tax on transient accommodations, 5% state occupancy fee, and potentially up to 3% municipal occupancy tax. The city's STR cap of 180 days per year limits revenue potential.
How much is the short-term rental license fee in Asbury Park?
Permit Fee: $500 initial, $100 renewal. NJ Sales Tax: 6.625% transient stays. State Occupancy: 5% fee. Annual Cap: 180 days maximum.
Red Bank FAQ
What taxes do I owe on short-term rental income in Red Bank?
Red Bank STR operators must register as a commercial entity and pay applicable NJ taxes: 6.625% sales tax on transient accommodations, 5% state occupancy fee, and potentially up to 3% municipal occupancy tax. STR permit fees apply through the Fire Marshal's office.
How much is the short-term rental license fee in Red Bank?
NJ Sales Tax: 6.625% transient stays. State Occupancy: 5% fee. Municipal Tax: Up to 3% allowed. Registration: Commercial entity required.
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