Fenwick Island Committee discusses possible rental tax changes.
This depends on what the town council decides during its meeting on Friday morning. Currently, South Bethany says it generates about $660,000 annually in rental revenue.
Fenwick Island considers rental tax adjustment amid statewide changes.
South Bethany's Town Council could set the property and rental tax rates and approve the budget for the 2025 fiscal year Friday morning's meeting. It is expected that there will not be an increase to both the property and rental tax rates.
Selbyville is considering a change to its rental tax ordinance, proposing a two percent gross receipts tax on all rental income from private and public lodging. This could impact local landlords and visitors alike, with the discussion scheduled for April 8.
The city of Rehoboth Beach says it needs more money to address a $4.4 million deficit in the city's proposed $37 million budget for 2025. In order to generate more funds, city commissioners made the decision to increase the residential rental tax from 6% to 7%.