Lake County and Mount Dora Consider Rule Changes Impacting Airbnbs
- January 3, 2020
- / William A. Beckett
- / Articles,Real Estate,Tax
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.