City of Laconia home rentals

[TiltonBB]

The zoning issue is half the battle for rental home owners.

As soon as you register with the City and acknowledge that you rent your property you will be monitored to be sure that you pay the 9% rooms and meals tax. Approved seasonal operators must file reports for each month of their approved season, even if no tax is due.

What's next? An increase in your assessed value because you are able to rent your property and generate income from it. That will make your property more valuable.

And so it begins...................

[Red apple]

Originally Posted by TiltonBB

The zoning issue is half the battle for rental home owners.



As soon as you register with the City and acknowledge that you rent your property you will be monitored to be sure that you pay the 9% rooms and meals tax. Approved seasonal operators must file reports for each month of their approved season, even if no tax is due.



What's next? An increase in your assessed value because you are able to rent your property and generate income from it. That will make your property more valuable.



And so it begins...................

The 9% tax letters went out from the state earlier this year. They went on all the rental web sights and then sent letters to all in NH that has a room or house for rent. Even if you had it listed and didn’t rent it you got a lovely certified letter from the state...


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[TiltonBB]

From The Laconia Daily Sun:

The city Planning Department has started enforcement actions

https://www.laconiadailysun.com/news...bf83024ba.html

[AC2717]

Another reason that makes Laconia a laughing stock of the area

[Descant]

NH has a good plan with regard to Interest and Dividends Income Tax. If you only make so much, you don't owe the tax, AND the form says please don't file if you don't owe. We don't wan the extra paperwork. If I rent my camp for only a coupe of weeks, and the income to the state is minimal,. considering cost of administration, why bother?

[TiltonBB]

Originally Posted by Descant

NH has a good plan with regard to Interest and Dividends Income Tax. If you only make so much, you don't owe the tax, AND the form says please don't file if you don't owe. We don't wan the extra paperwork. If I rent my camp for only a coupe of weeks, and the income to the state is minimal,. considering cost of administration, why bother?

You are confusing income tax with rooms and meals tax. A 9% tax is assessed upon patrons of hotels (or any facility with sleeping accommodations), and restaurants, on rooms and meals costing $.36 or more. You will owe (unless you rent your camp for less than 36 cents) from the first dollar. The tax is due on the 15th day of the month following the taxable period.

The tax is paid by the consumer and collected by operators of hotels, restaurants, or other businesses providing taxable meals, room rentals, and motor vehicle rentals.

Approved seasonal operators must file reports for each month of their approved season, even if no tax is due.

[Descant]

Originally Posted by TiltonBB

You are confusing income tax with rooms and meals tax. A 9% tax is assessed upon patrons of hotels (or any facility with sleeping accommodations), and restaurants, on rooms and meals costing $.36 or more. You will owe (unless you rent your camp for less than 36 cents) from the first dollar. The tax is due on the 15th day of the month following the taxable period.

The tax is paid by the consumer and collected by operators of hotels, restaurants, or other businesses providing taxable meals, room rentals, and motor vehicle rentals.

Approved seasonal operators must file reports for each month of their approved season, even if no tax is due.

I/m not confusing anything. The point is, there should be a set level where you don't pay any tax and you are not required to file anything. Quoting the law is the opposite approach. The law should be changed, not enforced to the point of being a money loser for small occasional rentals and state administrators.. The comparison to the I & D tax was only to the reduced paperwork (NO FILING) for many citizens.

[MAXUM]

Originally Posted by TiltonBB

You are confusing income tax with rooms and meals tax. A 9% tax is assessed upon patrons of hotels (or any facility with sleeping accommodations), and restaurants, on rooms and meals costing $.36 or more. You will owe (unless you rent your camp for less than 36 cents) from the first dollar. The tax is due on the 15th day of the month following the taxable period.

The tax is paid by the consumer and collected by operators of hotels, restaurants, or other businesses providing taxable meals, room rentals, and motor vehicle rentals.

Approved seasonal operators must file reports for each month of their approved season, even if no tax is due.

So I rent my place for 15 cents per week and charge a $1500 non refundable damage and cleaning deposit I'm good?

[garysanfran]

Originally Posted by MAXUM

So I rent my place for 15 cents per week and charge a $1500 non refundable damage and cleaning deposit I'm good?

They'd make you prove that the cost of your repairs and cleaning were at least $1,500/week. They'd probably hit you up for the tax on the $0.15 also.

Yup...Laconia has lots of addictions!

[garysanfran]

Originally Posted by TiltonBB

From The Laconia Daily Sun:

The city Planning Department has started enforcement actions

https://www.laconiadailysun.com/news...bf83024ba.html

There are several property owners near me that rent their places out during the summer to pay the property tax.

So if Meredith adopts this and a couple of neighbors complain, my neighbors will be forced to sell and if more towns adopt this, what happens to the summer tourist industry? What happens to the restaurants and other tourist supported businesses? Bayside Rentals (specializing in renting single family homes short term)? If this is carried to an extreme would only hotels and motels be "allowed" to rent to tourists and vacationers? Or is that the design?

In my little mind the problem isn't short term renters, it's noise, which can be generated by long-term renters as well. Maybe even a home owner themselves being a bad neighbor!!! What about that barking dog? Biker with a loud Harley? Enforcement against noise makes more sense to me than taking income away from someone because there is a possibility the short-term renter could be noisy (chances are they'll be gone in a week. A noisy home owner/resident is permanent. Not gone in a week).

Some day I'll write a book..."The Unintended Consequences".

Ehhh, probably not!

[AC2717]

Originally Posted by garysanfran

There are several property owners near me that rent their places out during the summer to pay the property tax.

So if Meredith adopts this and a couple of neighbors complain, my neighbors will be forced to sell and if more towns adopt this, what happens to the summer tourist industry? What happens to the restaurants and other tourist supported businesses? Bayside Rentals (specializing in renting single family homes short term)? If this is carried to an extreme would only hotels and motels be "allowed" to rent to tourists and vacationers? Or is that the design?

In my little mind the problem isn't short term renters, it's noise, which can be generated by long-term renters as well. Maybe even a home owner themselves being a bad neighbor!!! What about that barking dog? Biker with a loud Harley? Enforcement against noise makes more sense to me than taking income away from someone because there is a possibility the short-term renter could be noisy (chances are they'll be gone in a week. A noisy home owner/resident is permanent. Not gone in a week).

Some day I'll write a book..."The Unintended Consequences".

Ehhh, probably not!

its actually a state tax and is enforced by the state and the town (started a hard push on it just about over two years ago when the letters 1st started to come out to those pubilically announcing they are renting online), and Laconia is helping the enforcement and taking it a step further by making the people in residential areas apply for a variance to operate a "Rental business" in a residential area because zoning laws technically do not allow it, and they could deny it. They don't have any other major problems to deal with in the town.

Those in other zones like Commercial or Commercial Resort (example would be the old motels and cottage rental places that are now condos and in this zone) that rent their residential properties out do not need to apply for the variance for Laconia but they still need to file with the state and collect the tax according to the law.