The Vacation Rental Ordinance was passed by the Board of Supervisors in November 2015. You can read the ordinance on the County website under Community Development. However, the Ordinance is not effective until November 19, 2015. So if you own a vacation rental property in a residential neighborhood and would like to rent it out, contact Community Development for more information. Remember, the Vacation Rental Ordinance does not abrogate CC&Rs or private easements. These are your responsibility, so be sure to follow any applicable rules.
Regulation of investor-owned short-term vacation rentals
The Arizona state legislature will reconvene on Jan. 13 to discuss the governor’s priorities for short-term vacation rental laws. Several small businesses and investors have expressed concern about the current short-term rental laws. The Coconino County Vacation Rental Owners’ Association shares information on the local ordinance. By understanding the local regulations, you’ll know whether to rent out your vacation rental property.
As a matter of fact, the new law was significantly reduced from the original legislation Kavanagh introduced. It also removes restrictions on investor-owned vacation rentals. It also limits the number of guests allowed and places rules on parking and noise. The new law takes effect 90 days after the end of the legislative session. The new law also allows municipalities to restrict short-term vacation rentals to overnight stays and prohibits the use of the properties for events that require a permit. Owners must provide contact information for potential tenants and respond to complaints promptly.
Impact of Senate Bill 1350 on Coconino County Vacation Rental Owners Association
A local government may be concerned about the impact of Senate Bill thirteen50 on a Vacation Rental Owners Association. The bill prohibits local governments from regulating vacation rentals based on occupancy and classification. However, local governments may still regulate the practice for public safety and health. In 2015 and 2016, the County issued 27 administrative permits for short-term lodging. As a result, the Association may be concerned that SB 1350 will hinder its ability to protect its property and residents.
The county’s zoning ordinance section 3.7 addresses short-term rentals. The ordinance does not ban the practice entirely, but it requires property owners to meet certain performance standards and obtain a short-term rental permit. While the proposal doesn’t ban short-term rentals, the county is still considering it. The impact of SB 1350 on a Vacation Rental Owners Association may not be as severe as some have feared.
Taxes collected by vacation rental businesses
Arizona’s legislature is considering legislation to make vacation rental businesses pay their fair share of property taxes. The bill, SB 1490, passed the Senate Finance Committee, would require short-term rental properties to be assessed as commercial property, rather than as residential. Hotels, which are subject to state regulations, are currently assessed at 18 percent of the “full cash value,” or market value. In comparison, residential properties, which include owner-occupied homes and long-term rentals, are assessed at 10 percent.
Arizona’s short-term rental tax laws are complicated, but the basic principles are the same. Owners of short-term vacation rentals must collect tax money before they allow guests to stay. Tax rates for short-term rentals change frequently. To determine your total tax rate, use a lodging tax lookup tool. These resources include information on how much tax you should charge your guests, the registration requirements, and the frequency of returns. Additionally, you can check the minimum number of days rented to qualify as a taxable stay.