Nantucket/Vacation Rental Tax

Nantucket/Vacation Rental Tax

1/24/19

Nantucket voters will be asked at the annual town meeting in April to approve setting the local portion of the state’s new short-term rental vacation tax at 4 percent.

The Inquirer and Mirror reports that the selectmen voted 3 to 2 to place the article on the warrant.

The local portion of the so-called Airbnb tax can be as high as 6 percent.

Board member Rita Higgins was reportedly in favor of a 6 percent local tax to generate income for waste reduction and traffic improvements and increase funding for affordable housing.

The town’s Finance Director estimates the tax would generate up to 4 million dollars if it was set at 6 percent, but the board was concerned that could hurt the town’s tourism industry and settled on 4 percent.

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