Ocean City tries again: Council approves 3% tax on Airbnb, VRBO rentals - Ocean City Sentinel
Summary
Ocean City has approved a 3% tax on Airbnb and VRBO rentals. Hosts in Ocean City need to understand and comply with this new tax regulation.
Key Insights
- •Ocean City has approved a 3% tax on Airbnb and VRBO rentals.
Action Items
- ✓Hosts in Ocean City should familiarize themselves with the new tax regulation and understand how to properly report and pay it.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with the 3% tax regulation could result in penalties or fines for Ocean City hosts.
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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.
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