Short-term rental rules changing
VAIL — Since July 1, owners of short-term rental properties in Vail have been required to post their town of Vail sales tax account number in all advertisements of those rentals. Beginning Jan. 1, all short-term rental properties in Vail renting more than 14 days per year will be required to obtain an annual business license from the town regardless of the location of the business management office. Previously, management companies located outside of Vail were not required to do so.
If two or fewer units are rented, then the business license cost is $150; for rentals of greater than two units the cost is $325. In addition, a per-unit fee is assessed based on location of the units. All short-term rentals of less than 30 consecutive days are subject to sales and lodging taxes. Total sales and lodging taxes of 9.8 percent should be remitted to the appropriate taxing entities: town of Vail 4 percent sales tax, state of Colorado 2.9 percent sales tax and 1.4 percent lodging tax; Eagle County 1.5 percent sales tax.
For account assistance, contact Gary Hartley at 970-479-2324 or firstname.lastname@example.org.
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