Quote:
Originally Posted by Papa_lecki
There’s a bill in the Colorado assembly. If approved during the 2024 lawmaking session, the bill would classify any property used as a short-term rental for more than 90 days per year as a lodging property beginning in 2026.
That would nearly quadruple property taxes for an estimated 24,000 short-term rental properties in the state. The property tax assessment rate for lodging properties in 2023 is 27.9%. For residential properties, it was set at 6.765%.
Here’s an article on the bill
Colorado legislature will introduce bill hiking taxes for short-term rental properties | VailDaily.com
Could this be done in FLA at the county level? |
Florida does regulate STRs under the Division of Hotels and Restaurants. Here’s a link to a which explains the requirements. It’s pretty specific.
Now, I do not believe we will ever eliminate all STR in TV. I do believe we can chip away at them by ensuring that these businesses are at least complying with current State regulations. If there’s a STR that’s a problem in your Village you can look up the address on the County’s Property Tax site and see who owns it and how it’s titled. If it’s a business you can then go to the Department of Business & Professional Regulations to see if they are Licened. Now if they are run through a Propety Management Company, that will be tougher because the Propety Management company would handle all that for the owner.
It’s a place to start. The next step is to begin proposing to the counties to set regulations.
http://www.myfloridalicense.com/dbpr...s/5025_753.pdf