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Councillors weigh tax treatment for grandfathered owner-occupied short-term rentals
Summary
Councilors discussed whether owners grandfathered under earlier short-term rental rules should retain residential tax treatment even if they rent more than two bedrooms; council asked administration and solicitor to draft options and to estimate how many properties would be affected.
Councilors and residents debated whether owner-occupied properties grandfathered under the town—s short-term rental (STR) rules should continue to qualify for the resident tax rate when those properties, under grandfathering, may rent more than two bedrooms.
Councilor Dennis Toronto raised the issue, asking that the two-tier resident/nonresident tax ordinance be modified so that full-time residents who were grandfathered in as STRs not lose resident tax treatment solely because they rent more than two rooms. Toronto said the current rule created an unintended consequence in which some residents who live in…
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