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Jul 31, 2018

Transient Vacation Unit vs Bed and Breakfast Home

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Edited: Jul 31, 2018

The difference between the TVU and BBH is as followed

 

 

 

A Transient Vacation Unit (TVU), is a dwelling unit that is rented for less than 30 days at a time. Typically, the owner does not live there, or is not present during the guests' stay. It can be an apartment, condominium, or single family home. Units in a hotel or "condo hotel" are not considered TVUs.

 

A bed and breakfast home is a single-family home in which a room or rooms are renter for less than 30 days at a time. The home's owner, lessee or operator lives in the home and is present during the rental period.

 

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In 2018, Mayor Kirk Caldwell is considering a bill to curtail the illegal use of a home as TVU. Under this proposal, there could be a find up to $25,000 a day for the 1st offense, $50000 a day for a 2nd offense, and $100,000 a day for a 3rd offense. Eventually a possible lien against one's property. For B&Bs without registration number the fine can be $10000 and up to $50000 for the 3rd offense.

 

People running the TVU property tax will be 12.90 per $1000 assessed value and for B&B it would be 6.45 per $1000 assessed value.

 

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