Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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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? |
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Will it stop STRs? Probably not. There will always be some who find renting homes for a day or two in a resort area or near family is better than staying in a distant hotel/motel. They will be willing to pay extra for the convenience. Last edited by Randall55; 12-23-2023 at 07:55 PM. |
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Probably not. Essentially, Florida law prohibits counties from treating STR's any differently than traditional residential homes. That's a bit of an over simplification, but basically the situation in my opinion. Sounds like a great idea, but the Florida legislature would never go for it. "Rentals" are what runs the Florida's economy. |
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Raising the property tax to discourage short term rentals seems like a very unenforceable and ineffective way to accomplish the goal. Why not just require these owners to buy a special business license, and be subject to state inspections. They would also be subject to the Florida license online complaint system, where they could be fined or lose their license for violating the license rules.
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What about Top Of The World in Ocala? Do they have restrictions on rentals?I have heard that they have no rentals under thirty days. If that is true then why can’t other developments pass similar rules? Are there other areas in Florida that restrict short term rentals?
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Wow I just checked On Top of The World and I see no rentals under six months! For anyone who is inundated with short term rentals on their street you can always move up there. They even have advertised in the Daily Sun with an offer to stay and look the place over. Not for me personally as we are fortunate to not have many STR’s in our established neighborhood, plus I love all the activities I am in.
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__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough |
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No. The address of the home would be classified as lodging and taxed on that basis no matter how many owners.
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