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Sherman A1

(38,958 posts)
Tue May 14, 2019, 01:24 PM May 2019

Taxes Spike On Dozens Of St. Louis Airbnb Properties

The St. Louis assessor’s office on Friday sent out letters to the owners of 235 properties listed on Airbnb, informing them that their property value — and taxes — are going up.

The properties have been reclassified from residential to commercial, taking their property tax rate from 19% to 32%.

St. Louis Assessor Michael Dauphin said his office combed through hundreds of properties listed on Airbnb to find ones they believe are commercial enterprises, where the owner lives off-site. They found that the owners of more than half of the reclassified properties live outside of St. Louis, in states as far as California, Colorado and Arizona.

“It is a significant increase, but that’s what every other commercial business owner is paying for their property in the city, so it’s only fair that these short-term rentals are doing the same,” he said, adding that this is an ongoing priority for the city.

https://news.stlpublicradio.org/post/taxes-spike-dozens-st-louis-airbnb-properties

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Taxes Spike On Dozens Of St. Louis Airbnb Properties (Original Post) Sherman A1 May 2019 OP
Only fair to other business owners. I'm surprised that STLMO assessors actually were on the ball... SWBTATTReg May 2019 #1
Good! KT2000 May 2019 #2

SWBTATTReg

(21,859 posts)
1. Only fair to other business owners. I'm surprised that STLMO assessors actually were on the ball...
Tue May 14, 2019, 01:31 PM
May 2019

on this. Good for them.

KT2000

(20,544 posts)
2. Good!
Tue May 14, 2019, 03:25 PM
May 2019

Airbnb and Uber are circumventing regulations established for businesses - and that includes safety for the public. Governments need to catch up with this new business model.

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