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-   -   Colorado may increase prop taxes on short term rentals (https://www.talkofthevillages.com/forums/current-events-news-541/colorado-may-increase-prop-taxes-short-term-rentals-346305/)

Topspinmo 12-23-2023 06:09 PM

Quote:

Originally Posted by mtdjed (Post 2284993)
Doesn't the Developer
encourage short term rentals? Lifestyle visits?


Developers don’t have to follow the rules, they make them.

Happydaz 12-23-2023 08:54 PM

Quote:

Originally Posted by mtdjed (Post 2284993)
Doesn't the Developer encourage short term rentals? Lifestyle visits?

The Developer of On Top Of The World also does lifestyle visits for a short term, yet they still set their minimum rental to six months plus one week. You can do a two night, three day lifestyle visit to OTOTW for $199. You get a golf cart and a tour of the place included in your lifestyle rental.

shaw8700@outlook.com 12-23-2023 09:07 PM

Why would you be against STR’s? We stayed in a rental for two weeks in July and fell in love with the place and we’re going to move there soon. We will have to rent for awhile while we find our house and I should think that makes TV much more attractive.

Papa_lecki 12-23-2023 09:46 PM

Quote:

Originally Posted by shaw8700@outlook.com (Post 2285018)
Why would you be against STR’s? We stayed in a rental for two weeks in July and fell in love with the place and we’re going to move there soon. We will have to rent for awhile while we find our house and I should think that makes TV much more attractive.

Many owners have done the same, rented for a week or two, and buy a house.

But, many renters (both long term and short term) are not nice neighbors, they are loud, have too many people in the house, etc.
If you live on a street with a lot of rentals, it is not a good experience for you, the full time resident.

Altawood 12-24-2023 05:45 AM

Hopefully…

gbs317 12-24-2023 05:59 AM

Quote:

Originally Posted by shaw8700@outlook.com (Post 2285018)
Why would you be against STR’s? We stayed in a rental for two weeks in July and fell in love with the place and we’re going to move there soon. We will have to rent for awhile while we find our house and I should think that makes TV much more attractive.

That’s the sad part of the whole STR and AirBnB. People like yourself are welcome in my opinion you have a desire to live in TV. While other renters, not all, don’t care about the property, TV, and just feel this is their right at the expense of the people who live here to trash the place.

Normal 12-24-2023 06:57 AM

Residents
 
Residents deserve consistency and a sense of security with permanence. You will always deal with a variety of people day in and day out, but you should have the right to plop down in a place of stability to rest after your day. That place is your home. STRs disrupt that. They steal from you the respite required to live a balanced life with continuity and security.

GizmoWhiskers 12-24-2023 06:59 AM

Correct (HappyDayz) OToTW does not allow ABnB type short term rentals.

If a Business license is required by the Department of Professional Regulation to rent out entire property for less than 31 one days it is considered a short term rental and requires a FL a business license.

On Top of the World is protecting its homeowner's property and community investments. T V developers don't enforce their deed restrictions, in various districts, that state at no time can "ANY" business be run out of the property (at least in Villas, I have not read deed restrictions on homes) ie: Villas located in District 8 and District 6.

GizmoWhiskers 12-24-2023 07:08 AM

Quote:

Originally Posted by Topspinmo (Post 2284995)
Developers don’t have to follow the rules, they make them.

Well true as a joke but if one has enough money in the bank lawyering up would tilt the scales back toward holding the developer accountable at least based on old school law... not today's law practices.

asianthree 12-24-2023 07:11 AM

My guess is 90% of most residents have rented on a lifestyle or private rental. Difference is the renters are on a mission to see if they want to spend a chunk of money, and spend what is left of their time in TV.

Then you have the multi month renters who come to escape the cold. Respect the property and usually come back to the same area or home for years.

The problem that has cropped up is the homes that are drive by rentals. Owner will rent to anyone who gives them $80, doesn’t worry about damages or residents who live near them.

We have owned investment property in TV, always ran a background check the first time. Didn’t have to repeat, because they returned for multiple times.

As for noise and party’s, one can’t really blame the rental issues. There are huge neighborhood parties weekly and those residents who just like really loud TVs and Music because their hearing is diminished or near deaf.

Normal 12-24-2023 07:27 AM

CDD Charge
 
CDDs could legally charge a surcharge tax for amenity usage per night per rental. $50 a night per unit would be fine. It would basically work like a hotel tax.

LonnyP 12-24-2023 07:44 AM

Why? And why speculate?

defrey12 12-24-2023 07:45 AM

Quote:

Originally Posted by shaw8700@outlook.com (Post 2285018)
Why would you be against STR’s? We stayed in a rental for two weeks in July and fell in love with the place and we’re going to move there soon. We will have to rent for awhile while we find our house and I should think that makes TV much more attractive.

Wait until you buy and have 3-4 on your street with revolving doors, people coming at all times, noise, CHILDREN, etc. Many STR owners do NOT care who they rent to…they do NOT follow the rules…and neither do their tenants. That’s why we’re against them.

midiwiz 12-24-2023 07:46 AM

Quote:

Originally Posted by Papa_lecki (Post 2284777)
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?

it does exist in places int he state but not at the county level. Also it doesn't work well.

TeresaE 12-24-2023 07:54 AM

Quote:

Originally Posted by BrianL99 (Post 2284865)
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.

I don’t believe that’s quite accurate. Cities and counties may adopt regulations on short term rental to fit their needs. The City of St Augustine is a good example. They’ve set limits for occupancy, minimum stay requirements, health requirements, safety requirements, and set registration fees. Here’s a link to the website.

Short Term Rentals | St. Augustine, FL

On the state level shortterm rentals are to have business licenses and pay sales tax on every dollar earned. Of course most don’t.


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