3 ms·
It seems cities with housing problems where AirBnB is a factor could adopt a property tax scheme similar to what US counties implement already - 1) Tax based o
by squozzer 8y ago
It seems cities with housing problems where AirBnB is a factor could adopt a property tax scheme similar to what US counties implement already -
1) Tax based on property value (ad valorem);
2) Ad valorem deduction if owner lives on property (homestead exemption)
PLUS some tax distinction for "declared" - not sure if verifiable - long-term (6 - 12 month minimum) vs short-term (AirBnB) rental.
I think taxes might work better or at least sound less draconian than simply banning AirBnB or restrictions such as when rooms can be let (e.g. Jacksonville Beach FL had some kind of ordinance restricting lets to certain months of the year.)
- burlesona 8y agoAnother approach is land value tax, ie. make it very expensive to have idle buildings or parking lots in the city center. You can still have some deductions for primary residences to lessen the impact on them, while creating incentives to keep landlords from low-occupancy uses.