Norfolk approves loosening rules for add-on housing units, delays vote on Airbnb tax increase - The Virginian-Pilot

3 months agoNorfolk, VAScore: 85
Regulations & Compliance
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Local Regulations
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Tax Strategy
ADU

Summary

Norfolk, Virginia, is loosening regulations for add-on housing units, which may impact your STR options there. However, a vote on a potential Airbnb tax increase has been delayed. Hosts in Norfolk should monitor future developments regarding taxes.

Key Insights

  • •Norfolk approved loosening rules for add-on housing units. This could create new opportunities for STR hosts.
  • •The vote on an Airbnb tax increase was delayed.

Action Items

  • ✓
    Monitor the city of Norfolk's government announcements for updates on Airbnb tax proposals.
    Effort: low
    Impact: medium

Watch Out For

  • ⚠Failing to comply with changes in local regulations, including tax implications, could result in fines or other penalties. Stay informed and adapt accordingly.