What is a Short-Term Occupancy Tax?
Short term occupancy tax often known as Lodging tax, hotel/motel tax, transient room tax is a fee that is commonly imposed on hotel rooms, vacation rentals, and air bnb, type rentals. The laws that impose these taxes typically define the length of stay subject to the tax, commonly any stay less than 30 days. The rental length is designed to ensure that visitors to a community pay the tax, but people living there do not.
How does Short Term Occupancy Tax affect community residents?
The residents living in or owning their homes within an area with a short-term occupancy tax will not be charged this tax for utilizing or residing in their own property. The taxes collected from short-term occupancy will benefit the residents of the community with the increased revenue that the tax generates. The municipal government then has the ability to apply those tax revenues toward capital improvements, safety projects, and quality of life operations for the residents in which it serves.
If you would like to see more civic improvements that can benefit your area, please consider voting in the upcoming election where the Short-Term Occupancy Tax will be on the ballot.
