Insight
The extension of the hotel-motel tax to STRs in Woodstock indicates a trend of municipalities seeking to tax the growing short-term rental market.
Woodstock extends hotel-motel tax to Airbnb-style short-term rentals
Summary
Woodstock, IL is extending its hotel-motel tax to include short-term rentals like those listed on Airbnb. This move aims to generate revenue from the growing STR market. Hosts operating in this area should prepare for new tax obligations.
Key takeaway