Short-Term Vacation Rentals in Cook County
COOK COUNTY, MINNESOTA - November 21, 2018 (LSN) Short-term vacation rentals, properties advertised on sites like VRBO, Airbnb, HomeAway, etc., are a hot-trend in Cook County, around the country and the world. For some, these are lucrative operations, and properties are being purchased specifically for this purpose. As this trend increases, licensing and appropriate property tax classification have become questions for many jurisdictions, as consistent standards do not yet exist. Due to Cook County’s popularity as a prime, year-round tourist destination, Cook County has some of the highest percentages of short-term vacation rentals in the state, and is leading the way on development of standards and classification.
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