re: Maybe we can solve that housing inventory issue by killing AirBNB

quote:

---

Can’t legally kill AirBnB but I’m sure a lot of states and municipalities are going to legislate them to death in an attempt to tax them.


In Florida’s case specifically, there are laws on the book regarding commercial property and how it is taxed. The state brought in a ton of money by data mining at one point by buying a database of all commercial property listed as available in the state and cross referencing it with the tax rolls to see who was paying taxes on those properties.

Anyone not paying the commercial property tax received a bill and likely a bunch of interest and penalties as well.

---

You think the state of Florida, for example and since you mention Florida specifically, is going to do anything that will negatively affect tourism $$$$?

I own a rental condo in Florida and though the property tax is more than it is in Georgia and Alabama, where I have lived most of my life, I don't pay a commercial property tax and have received no bills or documents that anything of the sort is forthcoming or even planned.

eta: short term rentals pay a state and county usage tax but that's been the case since the first rental unit I ever owned in Florida, which was about 9 years ago. And naturally, you only get homestead exemption on the property where you actually reside. That's been the case for as long as I can remember.