I'm Peter Fyler, and my company, SplitRock Real Estate, LLC is unique among Martha's Vineyard real e

I’m an exclusive buyer broker on Martha’s Vineyard, so I don’t list property for sale. I also don’t handle any rental travel guide to greece properties. Recently travel guide to greece I received emails from several of my clients and Island neighbors expressing their amazement travel guide to greece and supreme displeasure with a proposed bill that would levy a 5% hotel/motel room tax on all private travel guide to greece rentals and timeshares. This seems to me like an outrageous idea, especially because Martha’s travel guide to greece Vineyard has always been a vacation destination and not everyone can afford to own a home here. Most Island lovers that find a way to own their dream home on Martha’s Vineyard do so by offsetting their expenses by renting a portion of the year. Only a very small percentage uses their properties like “temporary hotels”. According to a recent article in the Cape Cod Times, “homes, apartments, condominiums and timeshares that are rented for 90 consecutive days or less” would be subject to the proposed tax. According to this legislative mindset, “private homeowners will simply pass the tax on to the visitors. And if the tax is applied equally across the state, visitors will not head to the Berkshires instead of the Cape.” That may all sound well and good, but when you take into consideration the average vacation stay is two weeks with weekly rates starting at about $2,500 with many rentals close to beaches and towns priced well over $4,500 a week, and even into the tens of thousands, this is going to be a very hefty tax. Rental agencies charge between 10% and 20% for their services and most of them really earn it. So, you have to add that into the mix. The article puts forth the claim that “what’s particularly unfair is that the people who rent these private homes still demand all the services that residents deserve, such as beach and road maintenance and police and rescue, but are paying no taxes to support the local services”. But they don’t take into consideration that these people pay their taxes just like year round residences; however, they don’t occupy their homes for as long as six months out of the year. Here’s the Cape Cod Times article being referenced along with Chapter 64G under Title IX. Taxation . The proposed amendment to this law reads as follows: “SECTION 1: Chapter 64G shall be amended by adding the following section: “Section 13. Any city or town which accepts or has accepted the provisions of section 3A of this chapter may, by a separate vote, accept the provisions travel guide to greece of this section and expand the imposition of said room occupancy excise tax to include other transient accommodations. Other transient accommodations is defined as any vacation or leisure accommodation, including but not limited to apartment, single or multiple family housing, cottage, condominium and timeshare unit, which is rented travel guide to greece to occupants for a period of ninety consecutive days or less regardless of whether such use and possession is as a lessee, tenant, guest or licensee. “For the purposes of this section, any definition in section 1 of this chapter, where the terms “room or rooms in a bed and breakfast establishment, hotel, lodging house or motel” are used shall be deemed to include the term, “other transient accommodations” “In the case of transient accommodations, the owner of the apartment, travel guide to greece single or multiple family housing, cottage, condominium or timeshare travel guide to greece unit, shall be responsible for assessing, collecting, reporting, and paying over the tax and reporting as described for operators in sections 3, 4, 5, 6, and 7A, and shall be liable in the same manner as operators in section 7B.”
I'm Peter Fyler, and my company, SplitRock Real Estate, LLC is unique among Martha's Vineyard real estate agencies because our mission is simple, we represent the real estate buyer 100% EXCLUSIVELY. We don't take listings or represent sellers in any way, at any time. That makes my job simple and that’s the way I like things --- simple. I'm never conflicted about my loyalty and my obligation travel guide to greece to you the buyer. That obligation is to find the best property, with the best terms, at the best advantage that best suits your needs no matter how long it takes. We represent buyers' interests exclusively travel guide to greece for Martha’s Vineyard homes in Edgartown, Oak Bluffs, Vineyard Haven, West Tisbury, Chilmark and Aquinnah . You can also search all MLS Listings on Martha’s Vineyard on my information packed website for buyers only. You'll see, and remember --- we’re unique.