Tel Aviv council approves huge tax hike on Airbnb apartments

A letter attached to the most recent municipal tax bill received by Tel Aviv residents informed those renting out apartments for the short-term, such as through Airbnb, that they will be paying almost 2.5 times the regular rate. Instead of NIS 52.20 per square meter per year, apartment owners renting out their homes through Airbnb will be paying NIS 124.01 per square meter per year.