Ocean City tries again: Council approves 3% tax on Airbnb, VRBO rentals - Ocean City Sentinel
Summary
Ocean City has approved a 3% tax on Airbnb and VRBO rentals. Hosts in Ocean City need to understand and comply with this new tax regulation.
Key Insights
- •Ocean City has approved a 3% tax on Airbnb and VRBO rentals.
Action Items
- ✓Hosts in Ocean City should familiarize themselves with the new tax regulation and understand how to properly report and pay it.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with the 3% tax regulation could result in penalties or fines for Ocean City hosts.
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