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Updated 8 months ago on . Most recent reply
States with Highest STR Taxes - VT bumps up to #4
Contrary to multiple letter writing campaigns and already being historically the 4th highest state an overall tax burden according to the Tax Foundation, Vermont‘s legislature has apparently just increased the state M&R tax to 12% which appears to bump it up to the 4th most taxed state in the country for short term rentals, according to the National Conference of State Legislatures:
1. DC - 15.95%
2. Connecticut - 15%
3. Hawaii - 14.25%
4. Vermont - 12%
5. Maine - 9%
6. New Hampshire - 8.5%
7. Arkansas - 8.5%
8. Delaware - 8%
Assuming there's additional nuance here with states like California and Alaska handling taxation at local levels, but what are you all hearing in your neck of the woods?
Most Popular Reply
Quote from @Andrew Steffens:
This is just the states portion correct? Pinellas county FL for example is 13% with 7% going to FL and 6% going to County. Just curious if Vermont is getting 12% and then the county or city is adding to it?
Great question Andrew. Yes, Vermont towns have the option for a 1% local options tax in addition to the 12% combined tax above.