GREEN BAY, WI (WTAQ) – The City of Green Bay could soon see a notable increase in its room tax collections.
The city has reached a tax agreement with Airbnb that allows the home and apartment sharing company to collect and remit Green Bay’s 10% room tax on bookings in the city.
As a result, Airbnb expects to collect and remit $55,000 annually in Titletown.
Airbnb officials say there are roughly 130 active hosts in Green Bay.
The $603,000 those residents earned through renting out their properties in 2016 was a 155% increase from the year prior.
Hosts reportedly won’t see a difference in the way they do business, as the city’s room tax and state sales tax will automatically be added to guests’ bills.
In addition to the newly-struck agreement with the City of Green Bay, Airbnb also has deals with the City of Madison and the Wisconsin Department of Revenue.
Nationally, the home sharing company says it currently has agreements with more than 275 municipalities.
The Green Bay tax collections are scheduled to go into effect August 1.
