"Short-term rentals are those that typically last less than a month, often for vacation or business travel. Swanson said they would allow a maximum of 5% of Saratoga's housing stock to be turned into these kinds of properties, or 575 units out of the 11,500 available in the city. Staff said the city could raise around $80,000 in transient occupancy taxes from the properties."
"This would be an opportunity to establish a program where if there are (short-term rentals) that are operating without a license, they have to come into compliance, they have to pay the (transient occupancy tax) revenue for the past two years I believe they have been operating, Swanson said. Councilmembers Yan Zhao and Tina Walia expressed concerns about how short-term rentals could change the character of Saratoga, but they acknowledged the need for revenue and workforce housing that the rentals could provide."
Saratoga City Council voted to move a draft short-term rentals law to the planning commission for a public hearing before returning the issue to council. Short-term rentals would typically be stays under a month for vacation or business. The draft would cap conversions at 5% of housing stock, roughly 575 of 11,500 units, and could generate about $80,000 in transient occupancy taxes. The proposal would require unlicensed operators to come into compliance and pay prior tax revenue. Common complaints include noise, parking and trash. The draft prohibits renting accessory dwelling units, prompting a mayoral appeal to allow ADU rentals for aging homeowners. The planning commission has not yet scheduled the item.
Read at www.mercurynews.com
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