Austin short-term rentals hit with 11% tax, leaving guests to pay more - KVUE
Summary
Austin, Texas short-term rentals are now subject to an 11% tax, which will likely increase guest costs. Hosts in Austin need to understand this new tax regulation to ensure proper compliance and accurately price their listings.
Key Insights
- •Austin short-term rentals are now subject to an 11% tax.
Action Items
- ✓Update your pricing to reflect the new 11% tax to remain profitable.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to collect and remit the 11% tax could result in penalties.
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St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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