Council Advances Bill Letting Long-Term Rentals Keep Homeowner Tax Classification
Bill 174 passed first reading with two technical amendments, allowing properties rented for six months or longer to remain eligible for homeowner tax classification; Real Property Tax staff said administrative rules will be updated to handle conversions for existing parcels.
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The council voted on Aug. 7 to advance Bill 174 at first reading, with two small amendments clarifying language about the six-month threshold and restoring consistent terminology. The bill would allow homeowners who rent part of their primary residence on a long-term basis (six months or more) to maintain the homeowner tax classification rather than losing the preferential rate.
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