Insight
Ocean City has approved a 3% tax on short-term rentals through Airbnb and VRBO.
Ocean City approves 3% tax on rentals through Airbnb, VRBO and similar platforms
Summary
Ocean City has approved a 3% tax on short-term rentals listed on platforms like Airbnb and VRBO. Hosts in Ocean City need to be aware of this new tax and factor it into their pricing and financial planning.
Key takeaway