{ "generated_at": "2026-05-15", "license": "https://creativecommons.org/licenses/by/4.0/", "source": "Cost Seg Smart engine (RSMeans 2024 + BLS PPI + IRS Pub. 946/Rev. Proc. 87-56)", "methodology_url": "https://costsegsmart.com/methodology/", "network": { "n_markets": 24, "n_fixtures_total": 120, "y1_savings_median_of_medians": 44076, "y1_savings_range_of_medians": [ 21886, 107473 ], "reclass_median_of_medians": 0.2568, "reclass_p25_of_medians": 0.1635, "reclass_p75_of_medians": 0.2626, "land_median_of_medians": 0.2355, "no_state_tax_markets": [ "seattle", "dallas", "houston", "30a", "naples", "destin", "lasvegas", "gatlinburg", "pigeonforge" ], "decoupled_markets": [ "losangeles", "charlotte", "nyc", "chicago", "maui", "sedona", "tahoe", "brokenbow", "asheville", "bozeman", "bigbear", "savannah" ], "conforming_markets": [ "denver", "breckenridge", "parkcity" ], "cohorts": [ "metro_hybrid", "metro_investor", "str_beach", "str_desert", "str_mountain_lake", "str_mountain_ski", "str_smokies", "str_southern" ], "top_5_y1_median": [ { "slug": "30a", "city": "30A", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "30acostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 107473, "y1_savings_min": 40711, "y1_savings_max": 152148, "y1_savings_p25": 93069, "y1_savings_p75": 108113, "reclass_pct_median": 0.2718, "reclass_pct_min": 0.175, "reclass_pct_max": 0.2886, "reclass_pct_p25": 0.2686, "reclass_pct_p75": 0.2774, "land_pct_median": 0.2717, "land_pct_min": 0.2349, "land_pct_max": 0.5, "land_pct_p25": 0.2381, "land_pct_p75": 0.5, "median_purchase_price": 1485000 }, { "slug": "breckenridge", "city": "Breckenridge", "state": "Colorado", "state_abbr": "CO", "cohort": "str_mountain_ski", "cohort_label": "Mountain ski STR", "domain": "breckenridgecostseg.com", "state_tax_position": "Federal-conforming, 4.40% (flat)", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 98934, "y1_savings_min": 39857, "y1_savings_max": 112241, "y1_savings_p25": 78618, "y1_savings_p75": 103626, "reclass_pct_median": 0.2605, "reclass_pct_min": 0.1687, "reclass_pct_max": 0.2663, "reclass_pct_p25": 0.2363, "reclass_pct_p75": 0.2615, "land_pct_median": 0.2328, "land_pct_min": 0.2259, "land_pct_max": 0.5, "land_pct_p25": 0.2282, "land_pct_p75": 0.2412, "median_purchase_price": 1325000 }, { "slug": "parkcity", "city": "Park City", "state": "Utah", "state_abbr": "UT", "cohort": "str_mountain_ski", "cohort_label": "Mountain ski STR", "domain": "parkcitycostseg.com", "state_tax_position": "Federal-conforming, 4.65%", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 90760, "y1_savings_min": 53660, "y1_savings_max": 115726, "y1_savings_p25": 72164, "y1_savings_p75": 109768, "reclass_pct_median": 0.2606, "reclass_pct_min": 0.1728, "reclass_pct_max": 0.2686, "reclass_pct_p25": 0.2364, "reclass_pct_p75": 0.268, "land_pct_median": 0.2382, "land_pct_min": 0.2372, "land_pct_max": 0.5, "land_pct_p25": 0.2374, "land_pct_p75": 0.5, "median_purchase_price": 1450000 }, { "slug": "naples", "city": "Naples", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "naplescostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 72412, "y1_savings_min": 20351, "y1_savings_max": 139372, "y1_savings_p25": 52007, "y1_savings_p75": 93575, "reclass_pct_median": 0.2632, "reclass_pct_min": 0.1691, "reclass_pct_max": 0.2758, "reclass_pct_p25": 0.2615, "reclass_pct_p75": 0.2702, "land_pct_median": 0.245, "land_pct_min": 0.2347, "land_pct_max": 0.2702, "land_pct_p25": 0.2406, "land_pct_p75": 0.2618, "median_purchase_price": 985000 }, { "slug": "sedona", "city": "Sedona", "state": "Arizona", "state_abbr": "AZ", "cohort": "str_desert", "cohort_label": "Desert STR", "domain": "sedonacostseg.com", "state_tax_position": "Decoupled / partial, 2.5% (flat)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 66993, "y1_savings_min": 52995, "y1_savings_max": 116566, "y1_savings_p25": 62856, "y1_savings_p75": 87050, "reclass_pct_median": 0.2627, "reclass_pct_min": 0.1768, "reclass_pct_max": 0.2691, "reclass_pct_p25": 0.2554, "reclass_pct_p75": 0.2657, "land_pct_median": 0.2162, "land_pct_min": 0.2117, "land_pct_max": 0.227, "land_pct_p25": 0.213, "land_pct_p75": 0.2227, "median_purchase_price": 1185000 } ], "bottom_5_y1_median": [ { "slug": "chicago", "city": "Chicago", "state": "Illinois", "state_abbr": "IL", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "chicagocostsegregation.com", "state_tax_position": "Decoupled / partial, 4.95% (flat)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 21886, "y1_savings_min": 15469, "y1_savings_max": 29720, "y1_savings_p25": 20886, "y1_savings_p75": 26969, "reclass_pct_median": 0.1596, "reclass_pct_min": 0.1195, "reclass_pct_max": 0.1763, "reclass_pct_p25": 0.1585, "reclass_pct_p75": 0.1741, "land_pct_median": 0.2466, "land_pct_min": 0.2306, "land_pct_max": 0.4892, "land_pct_p25": 0.2316, "land_pct_p75": 0.2652, "median_purchase_price": 545000 }, { "slug": "houston", "city": "Houston", "state": "Texas", "state_abbr": "TX", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "houstoncostsegregation.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 22710, "y1_savings_min": 18191, "y1_savings_max": 28192, "y1_savings_p25": 20773, "y1_savings_p75": 25412, "reclass_pct_median": 0.1631, "reclass_pct_min": 0.1213, "reclass_pct_max": 0.1983, "reclass_pct_p25": 0.1598, "reclass_pct_p75": 0.1646, "land_pct_median": 0.1972, "land_pct_min": 0.1811, "land_pct_max": 0.2169, "land_pct_p25": 0.1906, "land_pct_p75": 0.2077, "median_purchase_price": 485000 }, { "slug": "dallas", "city": "Dallas", "state": "Texas", "state_abbr": "TX", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "dallascostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 23137, "y1_savings_min": 17334, "y1_savings_max": 33117, "y1_savings_p25": 20805, "y1_savings_p75": 30762, "reclass_pct_median": 0.1604, "reclass_pct_min": 0.1152, "reclass_pct_max": 0.1959, "reclass_pct_p25": 0.1541, "reclass_pct_p75": 0.1663, "land_pct_median": 0.2253, "land_pct_min": 0.2045, "land_pct_max": 0.2435, "land_pct_p25": 0.219, "land_pct_p75": 0.2273, "median_purchase_price": 525000 }, { "slug": "nyc", "city": "New York City", "state": "New York", "state_abbr": "NY", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "nyccostseg.com", "state_tax_position": "Decoupled / partial, Up to 10.9% NY state + up to 3.876% NYC additional (combined up to ~14.8% top marginal)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 27167, "y1_savings_min": 18968, "y1_savings_max": 60333, "y1_savings_p25": 26857, "y1_savings_p75": 46489, "reclass_pct_median": 0.1597, "reclass_pct_min": 0.114, "reclass_pct_max": 0.1851, "reclass_pct_p25": 0.1222, "reclass_pct_p75": 0.1627, "land_pct_median": 0.3434, "land_pct_min": 0.3109, "land_pct_max": 0.6, "land_pct_p25": 0.3412, "land_pct_p75": 0.4481, "median_purchase_price": 985000 }, { "slug": "charlotte", "city": "Charlotte", "state": "North Carolina", "state_abbr": "NC", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "charlottecostseg.com", "state_tax_position": "Decoupled / partial, 4.5% (flat, declining to 3.99% over coming years)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 30055, "y1_savings_min": 18114, "y1_savings_max": 41151, "y1_savings_p25": 21179, "y1_savings_p75": 40541, "reclass_pct_median": 0.1636, "reclass_pct_min": 0.1228, "reclass_pct_max": 0.1993, "reclass_pct_p25": 0.1601, "reclass_pct_p75": 0.1663, "land_pct_median": 0.1884, "land_pct_min": 0.1762, "land_pct_max": 0.1973, "land_pct_p25": 0.1783, "land_pct_p75": 0.1901, "median_purchase_price": 625000 } ], "top_5_reclass_median": [ { "slug": "30a", "city": "30A", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "30acostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 107473, "y1_savings_min": 40711, "y1_savings_max": 152148, "y1_savings_p25": 93069, "y1_savings_p75": 108113, "reclass_pct_median": 0.2718, "reclass_pct_min": 0.175, "reclass_pct_max": 0.2886, "reclass_pct_p25": 0.2686, "reclass_pct_p75": 0.2774, "land_pct_median": 0.2717, "land_pct_min": 0.2349, "land_pct_max": 0.5, "land_pct_p25": 0.2381, "land_pct_p75": 0.5, "median_purchase_price": 1485000 }, { "slug": "gatlinburg", "city": "Gatlinburg", "state": "Tennessee", "state_abbr": "TN", "cohort": "str_smokies", "cohort_label": "Smokies cabin STR", "domain": "gatlinburgcostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 47298, "y1_savings_min": 19840, "y1_savings_max": 87425, "y1_savings_p25": 38495, "y1_savings_p75": 47729, "reclass_pct_median": 0.2673, "reclass_pct_min": 0.1745, "reclass_pct_max": 0.2716, "reclass_pct_p25": 0.2595, "reclass_pct_p75": 0.2695, "land_pct_median": 0.203, "land_pct_min": 0.1974, "land_pct_max": 0.209, "land_pct_p25": 0.2017, "land_pct_p75": 0.2047, "median_purchase_price": 595000 }, { "slug": "maui", "city": "Maui", "state": "Hawaii", "state_abbr": "HI", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "mauicostseg.com", "state_tax_position": "Decoupled / partial, Up to 11% (progressive)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 62694, "y1_savings_min": 46470, "y1_savings_max": 102062, "y1_savings_p25": 51846, "y1_savings_p75": 81951, "reclass_pct_median": 0.2661, "reclass_pct_min": 0.1723, "reclass_pct_max": 0.2738, "reclass_pct_p25": 0.2639, "reclass_pct_p75": 0.269, "land_pct_median": 0.4455, "land_pct_min": 0.4307, "land_pct_max": 0.45, "land_pct_p25": 0.435, "land_pct_p75": 0.45, "median_purchase_price": 1325000 }, { "slug": "naples", "city": "Naples", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "naplescostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 72412, "y1_savings_min": 20351, "y1_savings_max": 139372, "y1_savings_p25": 52007, "y1_savings_p75": 93575, "reclass_pct_median": 0.2632, "reclass_pct_min": 0.1691, "reclass_pct_max": 0.2758, "reclass_pct_p25": 0.2615, "reclass_pct_p75": 0.2702, "land_pct_median": 0.245, "land_pct_min": 0.2347, "land_pct_max": 0.2702, "land_pct_p25": 0.2406, "land_pct_p75": 0.2618, "median_purchase_price": 985000 }, { "slug": "destin", "city": "Destin", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "destincostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 59164, "y1_savings_min": 11933, "y1_savings_max": 110513, "y1_savings_p25": 48679, "y1_savings_p75": 86427, "reclass_pct_median": 0.263, "reclass_pct_min": 0.1184, "reclass_pct_max": 0.2749, "reclass_pct_p25": 0.2552, "reclass_pct_p75": 0.2749, "land_pct_median": 0.2612, "land_pct_min": 0.2474, "land_pct_max": 0.4495, "land_pct_p25": 0.2508, "land_pct_p75": 0.263, "median_purchase_price": 825000 } ] }, "taxonomy_bands": [ { "band": "Dense urban metro (LTR-dominant)", "cohorts": [ "metro_investor" ], "typical_reclass": "12\u201317%", "typical_y1_savings": "$20K\u2013$35K", "why": "Engine doesn't apply STR FF&E uplift to long-term-rental properties. Pre-war/post-war metro stock has lower per-square-foot land improvement density than newer construction. STR ordinances in most large metros (Local Law 18 in NYC, Home-Sharing Ordinance in LA, Seattle's STR limits, Chicago's Shared Housing Ordinance) restrict the \u00a7469 STR-loophole strategy structurally." }, { "band": "Metro + STR hybrid (mixed strategies)", "cohorts": [ "metro_hybrid" ], "typical_reclass": "14\u201318%", "typical_y1_savings": "$30K\u2013$45K", "why": "Metro markets with adjacent STR feeder potential (LA's Burbank/WeHo neighbors, Denver's mountain proximity). Fix-and-flip + ADU + small MF investor profile dominates with limited STR fixture exposure." }, { "band": "Mid-tier mountain + cabin STR", "cohorts": [ "str_mountain_lake", "str_smokies" ], "typical_reclass": "22\u201324%", "typical_y1_savings": "$40K\u2013$55K", "why": "Furnished cabin STR product with strong FF&E density (sleeps-12+ family-vacation layouts, decking, fire pits, hot tubs). Mid-tier price points ($400K\u2013$700K) produce moderate absolute basis. State tax position varies (TN no-tax for Gatlinburg/Pigeon Forge; OK partial for Broken Bow; NC partial for Asheville)." }, { "band": "Historic urban STR", "cohorts": [ "str_southern" ], "typical_reclass": "22\u201325%", "typical_y1_savings": "$45K\u2013$55K", "why": "1800s structural shells reclassify poorly, but post-2000 renovation pools drive 60\u201375% of accelerated reclassification. Renovation cost-seg is the load-bearing mechanism. Historic-preservation review premiums on renovation cost can compound favorably." }, { "band": "Desert STR", "cohorts": [ "str_desert" ], "typical_reclass": "23\u201324%", "typical_y1_savings": "$35K\u2013$67K", "why": "Wide dispersion driven by sub-market heterogeneity \u2014 Sedona view-premium properties run high land allocation (32\u201338%) compressing reclass percentage but producing large absolute deductions; Las Vegas master-planned community product runs lower land allocation with cleaner ratios." }, { "band": "Mountain ski-resort STR", "cohorts": [ "str_mountain_ski" ], "typical_reclass": "21\u201323%", "typical_y1_savings": "$38K\u2013$99K", "why": "Furnished ski-resort product with substantial FF&E density. Wide variance driven by resort-tier vs off-mountain product mix \u2014 Park City Deer Valley and Breckenridge Peak 8 trigger the engine's premium land floor (~50%) at high basis levels, producing very large absolute deductions despite compressed reclass percentages." }, { "band": "Luxury coastal STR (the variance leaders)", "cohorts": [ "str_beach" ], "typical_reclass": "23\u201328%", "typical_y1_savings": "$59K\u2013$107K", "why": "Highest dispersion in the network. Luxury beachfront SFR + New Urbanist beach-cottage stock (Seaside, Rosemary Beach, Alys Beach on 30A; Old Naples and Park Shore on Naples) combines large basis, high FF&E density for furnished vacation rentals, and view-premium land allocation. 30A specifically is the network's high-end outlier \u2014 high-quality, well-located Gulf inventory often produces $100K+ Year-1 deductions." } ], "markets": [ { "slug": "losangeles", "city": "Los Angeles", "state": "California", "state_abbr": "CA", "cohort": "metro_hybrid", "cohort_label": "Metro + STR hybrid", "domain": "losangelescostseg.com", "state_tax_position": "Decoupled / partial, Up to 13.3% (top marginal)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 43063, "y1_savings_min": 35707, "y1_savings_max": 68239, "y1_savings_p25": 38850, "y1_savings_p75": 54216, "reclass_pct_median": 0.1627, "reclass_pct_min": 0.1597, "reclass_pct_max": 0.1842, "reclass_pct_p25": 0.1604, "reclass_pct_p75": 0.1774, "land_pct_median": 0.427, "land_pct_min": 0.3871, "land_pct_max": 0.45, "land_pct_p25": 0.4214, "land_pct_p75": 0.4439, "median_purchase_price": 1325000 }, { "slug": "denver", "city": "Denver", "state": "Colorado", "state_abbr": "CO", "cohort": "metro_hybrid", "cohort_label": "Metro + STR hybrid", "domain": "denvercostseg.com", "state_tax_position": "Federal-conforming, 4.40% (flat)", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 32517, "y1_savings_min": 20653, "y1_savings_max": 35987, "y1_savings_p25": 29759, "y1_savings_p75": 34635, "reclass_pct_median": 0.1643, "reclass_pct_min": 0.1141, "reclass_pct_max": 0.2349, "reclass_pct_p25": 0.1557, "reclass_pct_p75": 0.1657, "land_pct_median": 0.2853, "land_pct_min": 0.2404, "land_pct_max": 0.5034, "land_pct_p25": 0.2712, "land_pct_p75": 0.2879, "median_purchase_price": 745000 }, { "slug": "seattle", "city": "Seattle", "state": "Washington", "state_abbr": "WA", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "seattlecostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 31514, "y1_savings_min": 23477, "y1_savings_max": 35003, "y1_savings_p25": 27828, "y1_savings_p75": 33808, "reclass_pct_median": 0.1624, "reclass_pct_min": 0.1141, "reclass_pct_max": 0.1948, "reclass_pct_p25": 0.1581, "reclass_pct_p75": 0.163, "land_pct_median": 0.394, "land_pct_min": 0.2909, "land_pct_max": 0.5307, "land_pct_p25": 0.394, "land_pct_p75": 0.4007, "median_purchase_price": 875000 }, { "slug": "charlotte", "city": "Charlotte", "state": "North Carolina", "state_abbr": "NC", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "charlottecostseg.com", "state_tax_position": "Decoupled / partial, 4.5% (flat, declining to 3.99% over coming years)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 30055, "y1_savings_min": 18114, "y1_savings_max": 41151, "y1_savings_p25": 21179, "y1_savings_p75": 40541, "reclass_pct_median": 0.1636, "reclass_pct_min": 0.1228, "reclass_pct_max": 0.1993, "reclass_pct_p25": 0.1601, "reclass_pct_p75": 0.1663, "land_pct_median": 0.1884, "land_pct_min": 0.1762, "land_pct_max": 0.1973, "land_pct_p25": 0.1783, "land_pct_p75": 0.1901, "median_purchase_price": 625000 }, { "slug": "nyc", "city": "New York City", "state": "New York", "state_abbr": "NY", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "nyccostseg.com", "state_tax_position": "Decoupled / partial, Up to 10.9% NY state + up to 3.876% NYC additional (combined up to ~14.8% top marginal)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 27167, "y1_savings_min": 18968, "y1_savings_max": 60333, "y1_savings_p25": 26857, "y1_savings_p75": 46489, "reclass_pct_median": 0.1597, "reclass_pct_min": 0.114, "reclass_pct_max": 0.1851, "reclass_pct_p25": 0.1222, "reclass_pct_p75": 0.1627, "land_pct_median": 0.3434, "land_pct_min": 0.3109, "land_pct_max": 0.6, "land_pct_p25": 0.3412, "land_pct_p75": 0.4481, "median_purchase_price": 985000 }, { "slug": "dallas", "city": "Dallas", "state": "Texas", "state_abbr": "TX", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "dallascostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 23137, "y1_savings_min": 17334, "y1_savings_max": 33117, "y1_savings_p25": 20805, "y1_savings_p75": 30762, "reclass_pct_median": 0.1604, "reclass_pct_min": 0.1152, "reclass_pct_max": 0.1959, "reclass_pct_p25": 0.1541, "reclass_pct_p75": 0.1663, "land_pct_median": 0.2253, "land_pct_min": 0.2045, "land_pct_max": 0.2435, "land_pct_p25": 0.219, "land_pct_p75": 0.2273, "median_purchase_price": 525000 }, { "slug": "houston", "city": "Houston", "state": "Texas", "state_abbr": "TX", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "houstoncostsegregation.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 22710, "y1_savings_min": 18191, "y1_savings_max": 28192, "y1_savings_p25": 20773, "y1_savings_p75": 25412, "reclass_pct_median": 0.1631, "reclass_pct_min": 0.1213, "reclass_pct_max": 0.1983, "reclass_pct_p25": 0.1598, "reclass_pct_p75": 0.1646, "land_pct_median": 0.1972, "land_pct_min": 0.1811, "land_pct_max": 0.2169, "land_pct_p25": 0.1906, "land_pct_p75": 0.2077, "median_purchase_price": 485000 }, { "slug": "chicago", "city": "Chicago", "state": "Illinois", "state_abbr": "IL", "cohort": "metro_investor", "cohort_label": "Metro investor", "domain": "chicagocostsegregation.com", "state_tax_position": "Decoupled / partial, 4.95% (flat)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 21886, "y1_savings_min": 15469, "y1_savings_max": 29720, "y1_savings_p25": 20886, "y1_savings_p75": 26969, "reclass_pct_median": 0.1596, "reclass_pct_min": 0.1195, "reclass_pct_max": 0.1763, "reclass_pct_p25": 0.1585, "reclass_pct_p75": 0.1741, "land_pct_median": 0.2466, "land_pct_min": 0.2306, "land_pct_max": 0.4892, "land_pct_p25": 0.2316, "land_pct_p75": 0.2652, "median_purchase_price": 545000 }, { "slug": "30a", "city": "30A", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "30acostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 107473, "y1_savings_min": 40711, "y1_savings_max": 152148, "y1_savings_p25": 93069, "y1_savings_p75": 108113, "reclass_pct_median": 0.2718, "reclass_pct_min": 0.175, "reclass_pct_max": 0.2886, "reclass_pct_p25": 0.2686, "reclass_pct_p75": 0.2774, "land_pct_median": 0.2717, "land_pct_min": 0.2349, "land_pct_max": 0.5, "land_pct_p25": 0.2381, "land_pct_p75": 0.5, "median_purchase_price": 1485000 }, { "slug": "naples", "city": "Naples", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "naplescostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 72412, "y1_savings_min": 20351, "y1_savings_max": 139372, "y1_savings_p25": 52007, "y1_savings_p75": 93575, "reclass_pct_median": 0.2632, "reclass_pct_min": 0.1691, "reclass_pct_max": 0.2758, "reclass_pct_p25": 0.2615, "reclass_pct_p75": 0.2702, "land_pct_median": 0.245, "land_pct_min": 0.2347, "land_pct_max": 0.2702, "land_pct_p25": 0.2406, "land_pct_p75": 0.2618, "median_purchase_price": 985000 }, { "slug": "maui", "city": "Maui", "state": "Hawaii", "state_abbr": "HI", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "mauicostseg.com", "state_tax_position": "Decoupled / partial, Up to 11% (progressive)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 62694, "y1_savings_min": 46470, "y1_savings_max": 102062, "y1_savings_p25": 51846, "y1_savings_p75": 81951, "reclass_pct_median": 0.2661, "reclass_pct_min": 0.1723, "reclass_pct_max": 0.2738, "reclass_pct_p25": 0.2639, "reclass_pct_p75": 0.269, "land_pct_median": 0.4455, "land_pct_min": 0.4307, "land_pct_max": 0.45, "land_pct_p25": 0.435, "land_pct_p75": 0.45, "median_purchase_price": 1325000 }, { "slug": "destin", "city": "Destin", "state": "Florida", "state_abbr": "FL", "cohort": "str_beach", "cohort_label": "Coastal STR", "domain": "destincostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 59164, "y1_savings_min": 11933, "y1_savings_max": 110513, "y1_savings_p25": 48679, "y1_savings_p75": 86427, "reclass_pct_median": 0.263, "reclass_pct_min": 0.1184, "reclass_pct_max": 0.2749, "reclass_pct_p25": 0.2552, "reclass_pct_p75": 0.2749, "land_pct_median": 0.2612, "land_pct_min": 0.2474, "land_pct_max": 0.4495, "land_pct_p25": 0.2508, "land_pct_p75": 0.263, "median_purchase_price": 825000 }, { "slug": "sedona", "city": "Sedona", "state": "Arizona", "state_abbr": "AZ", "cohort": "str_desert", "cohort_label": "Desert STR", "domain": "sedonacostseg.com", "state_tax_position": "Decoupled / partial, 2.5% (flat)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 66993, "y1_savings_min": 52995, "y1_savings_max": 116566, "y1_savings_p25": 62856, "y1_savings_p75": 87050, "reclass_pct_median": 0.2627, "reclass_pct_min": 0.1768, "reclass_pct_max": 0.2691, "reclass_pct_p25": 0.2554, "reclass_pct_p75": 0.2657, "land_pct_median": 0.2162, "land_pct_min": 0.2117, "land_pct_max": 0.227, "land_pct_p25": 0.213, "land_pct_p75": 0.2227, "median_purchase_price": 1185000 }, { "slug": "lasvegas", "city": "Las Vegas", "state": "Nevada", "state_abbr": "NV", "cohort": "str_desert", "cohort_label": "Desert STR", "domain": "lasvegascostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 38536, "y1_savings_min": 18451, "y1_savings_max": 141566, "y1_savings_p25": 34454, "y1_savings_p75": 49601, "reclass_pct_median": 0.2505, "reclass_pct_min": 0.1669, "reclass_pct_max": 0.272, "reclass_pct_p25": 0.2479, "reclass_pct_p75": 0.2692, "land_pct_median": 0.224, "land_pct_min": 0.2033, "land_pct_max": 0.2397, "land_pct_p25": 0.2081, "land_pct_p75": 0.2256, "median_purchase_price": 525000 }, { "slug": "tahoe", "city": "Tahoe", "state": "California / Nevada", "state_abbr": "CA/NV", "cohort": "str_mountain_lake", "cohort_label": "Mountain cabin STR", "domain": "tahoecostseg.com", "state_tax_position": "Decoupled / partial, CA up to 13.3% (south + west shore) \u00b7 NV 0% (north + east shore)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 55694, "y1_savings_min": 42804, "y1_savings_max": 174150, "y1_savings_p25": 48955, "y1_savings_p75": 89673, "reclass_pct_median": 0.2591, "reclass_pct_min": 0.1738, "reclass_pct_max": 0.2745, "reclass_pct_p25": 0.2482, "reclass_pct_p75": 0.2624, "land_pct_median": 0.3629, "land_pct_min": 0.2206, "land_pct_max": 0.3728, "land_pct_p25": 0.2255, "land_pct_p75": 0.366, "median_purchase_price": 1050000 }, { "slug": "brokenbow", "city": "Broken Bow", "state": "Oklahoma", "state_abbr": "OK", "cohort": "str_mountain_lake", "cohort_label": "Mountain cabin STR", "domain": "brokenbowcostseg.com", "state_tax_position": "Decoupled / partial, 4.75% (top marginal)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 44678, "y1_savings_min": 17594, "y1_savings_max": 61292, "y1_savings_p25": 41393, "y1_savings_p75": 47236, "reclass_pct_median": 0.2619, "reclass_pct_min": 0.168, "reclass_pct_max": 0.2646, "reclass_pct_p25": 0.2609, "reclass_pct_p75": 0.2633, "land_pct_median": 0.1374, "land_pct_min": 0.129, "land_pct_max": 0.1507, "land_pct_p25": 0.1321, "land_pct_p75": 0.1457, "median_purchase_price": 545000 }, { "slug": "asheville", "city": "Asheville", "state": "North Carolina", "state_abbr": "NC", "cohort": "str_mountain_lake", "cohort_label": "Mountain cabin STR", "domain": "ashevillecostseg.com", "state_tax_position": "Decoupled / partial, 4.5% (flat, declining to 3.99% over coming years)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 42984, "y1_savings_min": 37134, "y1_savings_max": 47907, "y1_savings_p25": 38246, "y1_savings_p75": 44260, "reclass_pct_median": 0.2339, "reclass_pct_min": 0.1748, "reclass_pct_max": 0.2617, "reclass_pct_p25": 0.2332, "reclass_pct_p75": 0.2568, "land_pct_median": 0.1856, "land_pct_min": 0.1754, "land_pct_max": 0.1945, "land_pct_p25": 0.1804, "land_pct_p75": 0.192, "median_purchase_price": 565000 }, { "slug": "breckenridge", "city": "Breckenridge", "state": "Colorado", "state_abbr": "CO", "cohort": "str_mountain_ski", "cohort_label": "Mountain ski STR", "domain": "breckenridgecostseg.com", "state_tax_position": "Federal-conforming, 4.40% (flat)", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 98934, "y1_savings_min": 39857, "y1_savings_max": 112241, "y1_savings_p25": 78618, "y1_savings_p75": 103626, "reclass_pct_median": 0.2605, "reclass_pct_min": 0.1687, "reclass_pct_max": 0.2663, "reclass_pct_p25": 0.2363, "reclass_pct_p75": 0.2615, "land_pct_median": 0.2328, "land_pct_min": 0.2259, "land_pct_max": 0.5, "land_pct_p25": 0.2282, "land_pct_p75": 0.2412, "median_purchase_price": 1325000 }, { "slug": "parkcity", "city": "Park City", "state": "Utah", "state_abbr": "UT", "cohort": "str_mountain_ski", "cohort_label": "Mountain ski STR", "domain": "parkcitycostseg.com", "state_tax_position": "Federal-conforming, 4.65%", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 90760, "y1_savings_min": 53660, "y1_savings_max": 115726, "y1_savings_p25": 72164, "y1_savings_p75": 109768, "reclass_pct_median": 0.2606, "reclass_pct_min": 0.1728, "reclass_pct_max": 0.2686, "reclass_pct_p25": 0.2364, "reclass_pct_p75": 0.268, "land_pct_median": 0.2382, "land_pct_min": 0.2372, "land_pct_max": 0.5, "land_pct_p25": 0.2374, "land_pct_p75": 0.5, "median_purchase_price": 1450000 }, { "slug": "bozeman", "city": "Bozeman", "state": "Montana", "state_abbr": "MT", "cohort": "str_mountain_ski", "cohort_label": "Mountain ski STR", "domain": "bozemancostseg.com", "state_tax_position": "Decoupled / partial, Up to 5.9% (top marginal, after 2024 reform)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 65712, "y1_savings_min": 26940, "y1_savings_max": 76915, "y1_savings_p25": 37419, "y1_savings_p75": 75023, "reclass_pct_median": 0.2545, "reclass_pct_min": 0.1688, "reclass_pct_max": 0.2637, "reclass_pct_p25": 0.1707, "reclass_pct_p75": 0.2618, "land_pct_median": 0.1736, "land_pct_min": 0.1686, "land_pct_max": 0.1874, "land_pct_p25": 0.1706, "land_pct_p75": 0.1777, "median_purchase_price": 825000 }, { "slug": "bigbear", "city": "Big Bear", "state": "California", "state_abbr": "CA", "cohort": "str_mountain_ski", "cohort_label": "Mountain ski STR", "domain": "bigbearcostseg.com", "state_tax_position": "Decoupled / 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0.2716, "reclass_pct_p25": 0.2595, "reclass_pct_p75": 0.2695, "land_pct_median": 0.203, "land_pct_min": 0.1974, "land_pct_max": 0.209, "land_pct_p25": 0.2017, "land_pct_p75": 0.2047, "median_purchase_price": 595000 }, { "slug": "pigeonforge", "city": "Pigeon Forge", "state": "Tennessee", "state_abbr": "TN", "cohort": "str_smokies", "cohort_label": "Smokies cabin STR", "domain": "pigeonforgecostseg.com", "state_tax_position": "No state income tax", "conforms_federal_bonus": true, "n_fixtures": 5, "y1_savings_median": 43474, "y1_savings_min": 18481, "y1_savings_max": 48429, "y1_savings_p25": 32918, "y1_savings_p75": 45166, "reclass_pct_median": 0.2626, "reclass_pct_min": 0.1647, "reclass_pct_max": 0.2706, "reclass_pct_p25": 0.257, "reclass_pct_p75": 0.2652, "land_pct_median": 0.2028, "land_pct_min": 0.187, "land_pct_max": 0.2131, "land_pct_p25": 0.1908, "land_pct_p75": 0.2122, "median_purchase_price": 565000 }, { "slug": "savannah", "city": "Savannah", "state": "Georgia", "state_abbr": "GA", "cohort": "str_southern", "cohort_label": "Historic urban STR", "domain": "savannahcostseg.com", "state_tax_position": "Decoupled / partial, 5.49% (flat)", "conforms_federal_bonus": false, "n_fixtures": 5, "y1_savings_median": 47117, "y1_savings_min": 24980, "y1_savings_max": 70504, "y1_savings_p25": 39374, "y1_savings_p75": 50167, "reclass_pct_median": 0.2257, "reclass_pct_min": 0.155, "reclass_pct_max": 0.2473, "reclass_pct_p25": 0.2234, "reclass_pct_p75": 0.233, "land_pct_median": 0.1762, "land_pct_min": 0.1698, "land_pct_max": 0.1997, "land_pct_p25": 0.1706, "land_pct_p75": 0.1858, "median_purchase_price": 685000 } ] }