Airbnb Delivers $300,000 to Missouri in First Month of Tax Agreement

JEFFERSON CITY – Today, Airbnb, the world’s leading community driven hospitality company, announced that it collected and remitted over $306,000 in revenue to the State of Missouri in the first month of its historic tax agreement.

In January, Airbnb announced a tax agreement with the Missouri Department of Revenue authorizing the company to collect and remit state taxes on behalf of its 6,300 Missouri hosts. That agreement took effect February 1, and the $306,000 remittance for the first month was delivered to the state last week.

The January announcement noted that based on the state sales tax alone, if Airbnb bookings to Missouri were to replicate that of the previous 12 months it would mean $1.1 million to the state. The $300,000+ first-month remittance suggests the revenue is already far outpacing that projection.

The tax agreement accounts for a broad array of taxes assessed by the State Department of Revenue, including state and many county and municipal taxes:

  • Missouri State Sales Tax: 4.225%

  • City Sales Tax: 0.25 – 1.375%

  • County Sales Tax: 0.25 – 0.5%

  • Additional County Sales Tax: 0.125% – 0.5%

  • Tourism Tax to Maintain Quality of Water: 0.25%

  • Promotional Tourism Tax: 0.5 – 5%

  • Local Sales Tax: 1%

While Airbnb has partnered with about 350 of local governments throughout the U.S. to collect and remit taxes — including neighboring states like Iowa, Kansas, Illinois, Kentucky and Arkansas — this marked the company’s first tax agreement within Missouri. This agreement with Missouri DOR covers taxes assessed by the state, meaning any cities or counties with their own separately assessed taxes will require their own agreements with Airbnb.

Following the Missouri State announcement, Airbnb announced an agreement with St. Charles County to collect and remit their 5% Room Tax. That agreement took effect March 1.

Airbnb welcomes the opportunity to secure tax agreements with any additional Missouri municipalities and counties who assess their own lodging taxes. Local governments should contact the company at taxagreements@airbnb.com to discuss further.

Missouri is currently experiencing dynamic home sharing growth. Airbnb recently announced that its Missouri host community earned $28.9 million in supplemental income in 2017 while welcoming 289,000 guest arrivals to the state.

And Missouri hotel revenue and prices continue to grow — in parallel to Airbnb’s growth. This suggests that Airbnb is opening up the state to a new slice of prospective tourists by catering to travelers less able to afford hotels, those who desire to stay in neighborhoods or cities that lack hotels, and families who prefer to be together under one roof.

What follows is a city by city overview of the top 30 home sharing markets in Missouri from 2017:

City

Total 2017 Guest Arrivals

Total 2017 Host Income

St. Louis

88,500

$9.14 million

Kansas City

75,240

$7.7 million

Branson

23,950

$2.24 million

Columbia

11,140

$1.1 million

Springfield

8,140

$749,000

Osage Beach

5,580

$594,000

University City

4,900

$415,000

Lake Ozark

4,450

$565,000

Hermann

3,020

$294,000

Grandview

2,030

$160,000

Richmond Heights

1,880

$190,000

Saint Charles

1,860

$187,000

Hollister

1,730

$191,000

Independence

1,600

$108,000

Four Seasons

1,570

$169,000

Reeds Spring

1,570

$141,000

Kimberling City

1,490

$142,000

Clayton

1,290

$177,000

O’Fallon

1,190

$117,000

Joplin

1,170

$84,000

Cape Girardeau

1,160

$90,000

Sunrise Beach

1,060

$131,000

Jefferson City

1,050

$111,000

Raytown

1,030

$53,000

Camdenton

1,000

$111,000

Maplewood

980

$94,000

Kirkwood

850

$109,000

Steelville

820

$98,000

Saint Joseph

810

$111,000

Hannibal

800

$85,000

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About Airbnb

Founded in 2008, Airbnb’s mission is to create a world where people can belong when they travel by being connected to local cultures and having unique travel experiences. Its community marketplace provides access to millions of unique accommodations from apartments and villas to castles and treehouses in more than 65,000 cities and 191 countries. With Experiences, Airbnb offers unprecedented access to local communities and interests, while Places lets people discover the hidden gems of a city as recommended by the people that live there. Airbnb is people powered and the easiest way to earn a little extra income from extra space in a home or from sharing passions, interests and cities.

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