Fees, tax increases likely for vacation rentals in Cook County

Cook County officials and the local Vacation Rental Committee continue to discuss a means to have oversight on the number of vacation rentals in the county. Vacation rentals continue to be popular, and on occasion a revenue generator, for some property owners in Cook County. However, Cook County has not officially implemented any zoning ordinances that would prohibit or restrict the use of vacation rentals. There is also not a separate tax bracket for vacation rentals to date.

With that in mind, change is likely coming, both financially and with regard to licensing, for anyone operating a vacation rental in Cook County.

WTIP’s Joe Friedrichs spoke with Cook County Assessor Todd Smith to find out more.