New Mexico legislators debate standard statewide property tax for short-term rentals - Source New Mexico
Summary
New Mexico legislators are debating a standard statewide property tax for short-term rentals. This could impact your tax obligations if you host in New Mexico. Stay informed on potential changes in property tax laws.
Key Insights
- •New Mexico legislators are debating a standard statewide property tax for short-term rentals.
Action Items
- ✓Monitor legislative updates regarding property tax laws in New Mexico.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with new property tax regulations could result in penalties.
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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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