Taxes Spike On Dozens Of St. Louis Airbnb Properties [View all]
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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