PAY TO STAY Airbnb taxes boost income for Santa Fe

Posted on 10/27/2016 | About Santa Fe, New Mexico

Vacation rental company Airbnb will now tax visitors who rent Santa Fe accommodations, adding money to the city's coffers. A new agreement between Airbnb and Santa Fe calls for the company to collect what's known as a bed tax or lodgers’ tax.

The Santa Fe New Mexican reports that seven percent tax is charged on the total cost of all rentals for 30 days or less.
Airbnb began charging for rentals August 1.
Santa Fe collected 60 percent more revenue from short-term rentals this August than it did in August 2015.
In response to complaints from the hospitality industry and others, Santa Fe recently beefed up penalties for rental owners who don't register with the land-use department, which involves tax certification as well as fire and safety inspections.