By: William A. Beckett
With the growth of Airbnbs and web-based lodging platforms, Mount Dora and Lake County are both looking at common sense solutions to bring regulations up-to-date regarding B&B operations and tax collections. As this Orlando Sentinel article indicates, millions of dollars in tourist development taxes (as much as $7 million each year) have been going uncollected from online rentals. Expect the County to adopt a system to make sure all web-based tax revenues are taken in. Meanwhile, B&Bs have been receiving different treatment under the City of Mount Dora’s B&B ordinance, which does not cover the new web-based lodging. The goal will be to find the correct amount of regulation that creates a level playing field without eliminating the City’s ordinance entirely and not allowing protections in residential neighborhoods. Stay tuned for further developments in the coming weeks.
For more information, please contact William A. Beckett or any member of the firm’s Real Estate Group.
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