Short Term Rentals Approved, Taxes On The Way

Tax the realtors – I like it.

The council unanimously voted to approve an ordinance reversing the ban on short-term rentals, which the city hopes will generate at least $200,000 in revenue each year.

The new ordinance requires landlords to obtain a license from the city and pay a 10 percent transient occupancy tax in order to rent out their units for less than 30 days at a time. The ordinance puts homeowners in line with the city’s hotels and inns.

“The revenue generated from the license fees and [transient occupancy tax] will help pay for a code enforcement officer,” Pacific Grove city manager Tom Frutchey said.

Short Term Rentals Approved, Taxes On The Way