[tophcfa]

Originally Posted by shaw8700@outlook.com

But if they establish rules that stop STR’s then it will stop all the people coming here and eventually buying. Believe me, you don’t want that. Property values will plummet.

Who cares, not selling. Investor versus resident mentality. Interested in living with fellow residents, not quick flip investors who have little to no regard for residents quality of living.

[Randall55]

Originally Posted by shaw8700@outlook.com

But if they establish rules that stop STR’s then it will stop all the people coming here and eventually buying. Believe me, you don’t want that. Property values will plummet.

Investors are not the backbone of the Villages. Residents over 55 who want to enjoy their retirement outnumber them significantly. I find it hard to believe no one will buy a home if they cannot rent in the area first. Many communities sell out without the option to rent before buying. The Villages will not be different.

Home prices plummeting will not affect many residents. Most are happy to stay put in their home until they pass. Many bought their homes BEFORE prices inflated. The market would have to take a significant hit for them to lose money. In the meantime, lower value of homes will stabilize or decrease property taxes and insurance. A small change in monthly payments can help those on a fixed income.

Their children can deal with selling the home when they inherit it. A large profit or loss is no concern to a dead person.

[Escape Artist]

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?

It makes sense as they are running the residential property as a business. Why should they pay the same as an owner-occupied property when the neighborhood is zoned residential and not commercial or mixed use?