Fenwick Island considers rental tax adjustment amid Statewide changes
Posted by Leslie Kopp on
Credit to: Coast TV, Kevin Zipay
Taxes fluctuate almost every year, and Delaware is no exception. This year, the state has implemented a 4.5 percent tax on all short-term rentals. In response, the Fenwick Island Budget and Finance Committee is evaluating potential changes to its own rental tax policies. Currently, short-term rental properties in Fenwick Island are taxed at a higher rate than hotels. When combined with the new state tax, short-term rentals are now subject to a total tax rate of 12.5 percent, while hotels pay only 11.5 percent.
With summer approaching, vacationers will soon flock to Fenwick Island, filling hotels and rental properties along the coast. Among them will be Bruce Bogdanski, who plans to book a hotel for his fishing…
677 Views, 0 Comments
