Taos ordinance limits short-term rentals
An excerpt from the Santa Fe — New Mexican. Read more HERE .
The Taos Town Council voted unanimously in favor of an ordinance that will limit the number of short-term rentals. The ordinance creates a limit of 120 short-term rentals, requires an annual permit and provides enforcement of penalties for violations.
Taos Town Manager Rick Bellis said that short-term rentals — particularly those owned by out-of-town investors — have played a large role in the increase in long-term rental prices. According to a study done by the town, “the short-term rentals are a considerable factor in the shortage of long-term rentals,” Bellis said. “They also drive up the prices.”