Canyon
Explore Canyon's Market Performance
Unlock in-depth insights on short-term rental performance and investment returns in Canyon. Want to see how Canyon compares to other top cities in Texas? Explore all city regulations in Texas. →
Canyon
Market Saturation Index
STR Regulations for Canyon
Overview of Short-Term Rentals in Canyon, TX
Short-term rentals are ALLOWED in Canyon, Texas, with specific regulations and requirements that must be carefully followed by property owners.
Regulatory Framework
Key Regulations
- Short-term rentals are defined as dwelling units rented for less than 30 consecutive days
- Registration with the city is mandatory
- Hotel Occupancy Tax (HOT) collection is required
Starting a Short-Term Rental Business
Required Steps
- Complete City of Canyon Short-Term Rental Registration
- Obtain Safety Survey from Canyon Fire Department
- Register for Hotel Occupancy Tax Collection
- Secure necessary liability insurance
Safety Requirements
- Operational smoke detectors in all sleeping rooms
- Carbon monoxide detector (if using gas/propane appliances)
- Visible street address numbers
- Deadbolt locks
- Fire extinguisher per floor
Permit and Tax Information
Hotel Occupancy Tax (HOT)
- Local tax rate: 7%
- State tax rate: 6%
- Must be remitted by the 20th business day of the following month
- Can file monthly or quarterly depending on tax amount
Registration Process
- Apply through Localgov
- Annual registration required
- Initial safety inspection mandatory
Financial Considerations
- Application Fee: Non-refundable
- Safety Inspection Fee: Non-refundable
- Technology Fee
- Liability Insurance: $1 million recommended
Contact Information
- Planning and Development Office
- Phone: (806) 655-5000 (Option 6)
- Email: planning@canyontx.gov
Potential Penalties
- Fines for non-compliance
- Potential permit revocation
- 5% penalty per 30-day period for unpaid taxes
Important Links
Compliance Tips
- Maintain accurate records
- Collect and remit all required taxes
- Keep safety equipment updated
- Respond promptly to any city communications
Disclaimer: Regulations may change. Always confirm current requirements with the City of Canyon directly.
Photos of Canyon
Overview of Canyon
Canyon, Texas, is a small city located in the Texas Panhandle, approximately 18 miles south of Amarillo, the nearest major city. As of the most recent estimates, Canyon has a population of around 15,000 residents, offering a quaint, close-knit community atmosphere.
Canyon is noted for its proximity to several notable landmarks and natural attractions that enhance its appeal for short-term rentals. Chief among these is the Palo Duro Canyon State Park, often referred to as the "Grand Canyon of Texas." This state park is the second-largest canyon in the United States and boasts stunning landscape views, hiking trails, and outdoor recreation opportunities. More information can be found on the Texas Parks and Wildlife website.
The city is also home to West Texas A&M University, which adds a lively collegiate atmosphere and various cultural events to the area. The Panhandle-Plains Historical Museum, located on the university campus, is another significant attraction that provides insights into the history and cultural heritage of the region. Visitors can learn more about it on the museum's official site.
Additionally, investments in local infrastructure and amenities, along with the city's charming downtown area filled with shops and dining options, make Canyon an attractive spot for visitors looking for short-term stays. Particularly during events like university graduations, seasonal cultural festivals, and during peak holiday seasons, demand for short-term rentals can be particularly high.
Overall, Canyon offers a unique blend of natural beauty, educational and cultural attractions, making it a compelling choice for short-term visitors seeking both relaxation and activities.