In this article, HarborBlue Vacations Rentals breaks down the short-term rental regulations and taxes for Truro, Massachusetts.
Bottom line is that Truro levies a 14.45% to 17.45% tax on short-term rentals and requires annual registration / inspection ($450).
Truro, MA Short-Term Rental Taxes – 14.45% – 17.45%
- Massachusetts State Sales Tax – 5.70%
- State Room Occupancy Tax – 6.00%
- Cape Cod and Islands Water Protection Fund – 2.75%
- Impact fee for Owners with Multiple Units – 3.00%
If the home is rented for 14 days or fewer during the year, no tax is due.
Truro, MA Short-Term Rental Regulations (law available here)
- Register through MA Tax Connect
- Obtain Certificate of Registration for properties
- Carry at least $1,000,000 in liability insurance
- Comply with Massachusetts lead paint law (or have exception signed by tenant)
- Register with town of Truro online
- Annual registration and inspection ($450)
Tired of tracking evolving regulations in Truro? Partner with HarborBlue Vacation Rentals for hassle-free short-term rental management.
Disclaimer: This post is for information purposes, may not be fully exhaustive, and does not constitute legal / tax advice. For any legal / tax advice, please contact a licensed attorney.