Ocean City Plans 3% Tax on Some Short-Term Rentals - Cape May County Herald
Summary
Ocean City, likely in New Jersey, is planning to implement a 3% tax on some short-term rentals. Hosts in the area should prepare for potential tax implications and ensure they understand and comply with the new regulations to avoid penalties.
Key Insights
- •Ocean City plans to implement a 3% tax on some short-term rentals.
Action Items
- ✓Hosts should familiarize themselves with the new 3% tax and determine if their rentals are subject to it.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to comply with the new tax regulations could result in penalties.
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