Ocean City Council passes 3% tax on rentals booked on third-party services like Airbnb - 6abc Philadelphia
Summary
Ocean City has implemented a 3% tax on short-term rentals booked through third-party platforms like Airbnb. Hosts in Ocean City must now factor in this new tax when calculating their pricing and profitability.
Key Insights
- •Ocean City Council passed a 3% tax on rentals booked on third-party services like Airbnb.
Action Items
- ✓Hosts should update their pricing to account for the new 3% tax.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to account for the new tax could result in underpayment and potential penalties.
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