Jersey Shore city considers local tax on Airbnb and Vrbo rentals - NJ.com
Summary
A Jersey Shore city is considering implementing a local tax on Airbnb and Vrbo rentals. Hosts in the area should monitor local news for updates, as this could impact their profitability and require changes to pricing strategies.
Key Insights
- •A Jersey Shore city is considering a local tax on Airbnb and Vrbo rentals.
Action Items
- ✓Consider adjusting pricing strategies to account for the potential tax implications if approved.Effort: mediumImpact: medium
- ✓Hosts should monitor local news and government websites for updates on the proposed tax.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local tax regulations can lead to penalties and fines.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
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.
Curated by Learn STR by GoStudioM