Beginning July 1, 2015, short-term rental properties in Vail will be required to post their Town of Vail sales tax account number in the advertising of those rentals. All short-term rentals less than 30 consecutive days are subject to sales and lodging tax. Total sales and lodging taxes of 9.8% should be remitted to the appropriate taxing entities (Town of Vail 4% sales tax, State of Colorado: 2.9% state sales tax and 1.4% lodging tax; Eagle County 1.5% sales tax.).
Beginning January 1, 2016, all short term rental properties in Vail renting more than 14 days per year will be required to obtain an annual business license from the town regardless of the location of the business management office. Previously, management companies located outside of Vail were not required to obtain a business license. If 2 or fewer units are rented, the cost is $150; for rentals of greater than 2 units the cost is $325. In addition, a per unit fee is assessed based on location of the unit(s): $17 per unit if located in Zone 1 and $12.75 if located in Zone 2. The legislation was passed by the Town Council to create equity within the lodging marketplace.
For assistance in creating an account with the town, please contact Sally Lorton at 970-479-2125.