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Prop 13 Repealed?!
Summary
Sean Pan explains California's Proposition 13, which allows property owners to retain their property tax basis, and addresses potential changes to the law. The potential repeal aims to target large commercial properties with over $3M in value and more than 50 employees to avoid impacting single-family homeowners.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
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St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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