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Short-term rentals (STRs), commonly referred to as "Airbnb" or similar lodging sites in Genesee County, New York, are legal and regulated under local law. Recently, the county updated its regulations to include rentals of single units, allowing homeowners to rent out their properties for overnight stays, provided they are not rented for more than 14 days in a calendar year, to maintain exemptions for those renting occasionally. This change aims to capture taxable income from such rentals, applying a 3% bed tax similar to that of hotels and motels. The market in Genesee County primarily caters to tourists, with properties like rural cabins and residential homes thriving, while the business traveler demographic is smaller in comparison. The Genesee County Legislature, alongside the Chamber of Commerce, oversees these regulations, ensuring compliance and proper taxation. For further information, refer to the official Genesee County website at https://www.geneseeny.gov/departments/countytreasurer/bedtax.php and the news update on the regulations at https://www.thebatavian.com/mike-pettinella/ways-means-approves-changes-to-county-bed-tax-law-to-include-airbnb-similar-short.
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