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Jerusalem Life

| Tel Aviv Council Approves Huge Tax Hike on Airbnb Apartments

Janglo News    
Sunday, 14 July 4:34 PM

A letter attached to the most recent municipal tax bill received by Tel Aviv residents informed those renting out apartments for the short-term, such as through Airbnb, that they will be paying almost 2.5 times the regular rate. Instead of NIS 52.20 per square meter per year, apartment owners renting out their homes through Airbnb will be paying NIS 124.01 per square meter per year.

The change does not take place with immediate effect. Although the city council has approved the change, the ministers of interior and finance also need to approve the measure. This is likely to happen before August 18 for the rest of 2019 and by the end of the year for the 2020 municipal taxes.

         
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