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- May 18, 1997
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It seems as though New York State is not happy with not getting paid on AirBNB rentals. But wait! Don't we already pay property tax every year? It seems that NY is also blaming AirBNB for rental increases. OK, so let's think about this for a minute. AirBNB is very likely bringing in more tourist dollars and showing off your city, but is taking money out of the hands of huge hotel companies that cannot offer the same services. Can't have the state not getting its tax cut three layers deep. This stinks, smells like tea.
"New York City renters had to pay an additional $616 million in 2016 due to price pressures created by AirBNB," the comptroller's report said.