Palm Springs TOT down slightly in July

Palm Springs’ hotel taxes were down slightly in July, compared to a year ago.

Hotels brought in $1,029,060 in Transient Occupancy Taxes in July, a 4.9 percent drop from July 2011, the according to city documents.

Palm Springs generally collects the most TOT in the Valley, if only because of the large number of hotel rooms here, but also because the city’s tax rate is one of the highest around. Group meetings hotels in Palm Springs levy a 13.5 percent Transient Occupancy Tax, while other hotels apply an 11.5 percent TOT to room-rates.   The city collected more than $17.8 million last year, a 14 percent jump from the year before.