Insight
Ocean City Council passed a 3% tax on rentals booked on third-party services like Airbnb.
Ocean City Council passes 3% tax on rentals booked on third-party services like Airbnb
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 takeaway