CountFauxlof

CountFauxlof t1_iy3nr96 wrote

I think that a moratorium such as that would fit with the rhetoric we get from city council, but I don't think it will happen. It's crazy to me how little vertical development is allowed, and at this point I think that it's a hard sell for investors.

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CountFauxlof t1_iy3m5x6 wrote

I think the onus of responsibility should really be on the city to ease up on the zoning nightmare here and allow more housing to be built. I'd be curious to see what percentage of the housing stock is occupied by students. Additionally, once you start implying that it's the private sector's responsibility to house people, how do you look at hotels or people with large houses/lots?

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CountFauxlof t1_iy3iwq8 wrote

that's a fair point - in that case I think the homestead deduction should be standardized statewide and there should be different deductions for business and non-homestead with non-homestead being necessarily taxed at a higher rate than homestead. I don't think it makes sense to group non-homestead with business/rentals.

I'm sure enforcement would be difficult.

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CountFauxlof t1_iy3g8yc wrote

Reply to comment by Room07 in Why can't vermont tax Airnbn by Old_Ad_1301

one of the huge issues with this is that the non-homestead rate includes businesses and therefor is prevented from increasing, so I believe in certain counties it’s actually lower than the homestead rate. personally I think that there should be a non-resident tax rate as non-homestead is inherently flawed and it can drive up rents.

as an example, look at Athens:

http://tax.vermont.gov/property/education-property-tax-rates

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CountFauxlof t1_iy3flrf wrote

the burlington city council provided essentially no metrics to back up their decisions to restrict short term rentals, but one of the few points I found interesting is that they were estimated to only “take up” about 2-4% of the housing portfolio.

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