DeSantis pushing for lower property taxes, ending perks for ‘snowbirds’ and Airbnb owners - Yahoo
Summary
Florida Governor DeSantis is proposing legislation to lower property taxes and eliminate tax benefits for certain groups, including Airbnb owners. This move could impact the profitability of short-term rentals in the state, potentially affecting both 'snowbirds' and hosts. This legislation's implications highlight the dynamic regulatory landscape STR owners face.
Key Insights
- •The proposed legislation targets tax perks for 'snowbirds' and Airbnb owners.
- •DeSantis is pushing for lower property taxes, a move that could affect STR owner profitability.
Action Items
- ✓Monitor local legislation for updates on property tax implications.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to stay informed on local tax changes could impact your profitability.
More from Regulations & Compliance
This article reports on amendments to short-term rental regulations approved by a council. While specific details aren't provided, it suggests changes are taking place at the local level. Hosts should stay informed about local ordinances to remain compliant with the latest rules.
A wealthy Bay Area town implemented an Airbnb ban, raising questions about its effectiveness. The article suggests this ban might not succeed. It highlights potential loopholes and challenges in enforcement, implying the ban could face difficulties in controlling short-term rentals.
The Del Mar council has approved new short-term rental fees. This action will directly impact hosts operating in Del Mar, potentially affecting profitability and operational costs. Hosts should prepare for adjustments related to these newly implemented fees.
Curated by Learn STR by GoStudioM