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.
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