The City of Novato is currently in the process of considering options for a short-term rental regulatory program. At the City Council meeting of Jan.28, 2020, the City Council voted to pursue a short-term rental regulatory program in the City of Novato. Short-term rentals are residential rentals of all or a portion of a home for periods of less than 30 nights, and are often advertised on websites such as Airbnb, VRBO and HomeAway.
Short-term rentals can increase transient occupancy taxes (TOT) revenue a City receives, offer those burdened with high housing costs a way to increase their income, help retirees ‘age in place,’ and help attract visitors to the City of Novato, which can boost local business and sales tax revenue. Short-term rentals can also result in adverse effects, such as impacts on permanent housing supply through their conversion to tourist and transient uses and potential nuisance issues of parking and noise. Regulatory programs can help minimize some of the adverse effects short-term rentals may have and can ensure that the City is receiving appropriate TOT revenue.
Help the City develop its short-term rental regulatory program by weighing-in on which policy decisions are important to you at novato.org/opennovato.
Your feedback will be considered by the Novato City Council at an upcoming meeting. More information is available at novato.org/shorttermrentals.