Second homeowners charged higher property taxes in Colorado

Second homeowners charged higher property taxes in Colorado

Although HH, the Colorado tax reduction initiative was ultimately defeated, there was one profound item in the legislation that will have far reaching impacts.  One of the biggest changes in the proposal is that second homeowners (non-primary residents) are now paying...
Ready for Colorado property taxes to increase 35%

Ready for Colorado property taxes to increase 35%

    With much fanfare, CO legislators met in a special session to focus on tax relief once again after the searing defeat of HH.  As suspected, the agenda was filled with allot of stuff not related to property taxes (Tabor checks, low income tax credits,...
Real Colorado property tax reduction on the ballot in 2024

Real Colorado property tax reduction on the ballot in 2024

I wrote last week about proposition HH to eliminate Tabor under the guise of property tax relief.  It is a bit ironic that it was just announced that there is a new property tax initiative that qualified for the 2024 ballot, initiative 50.  The new initiative would...
Mushroom theory got kicked apart in Denver real estate, what does this mean for prices?

Mushroom theory got kicked apart in Denver real estate, what does this mean for prices?

For the past 15 years or so, my “mushroom theory” was an amazing tool (no I’m not talking about the magic mushrooms that were approved by voters).  Up until Covid the mushroom theory worked like a charm to predict price appreciation in cities like Denver, but...
Tax bills double in  CO mountain towns, new legislation doesn’t help, you can reduce your taxes   

Tax bills double in  CO mountain towns, new legislation doesn’t help, you can reduce your taxes   

Our legislative branch and Governor have touted a new proposal to drastically reduce property taxes after they have skyrocketed due to increasing values and the elimination of the Gallagher amendment.  Unfortunately the new bill will not help the overwhelming...

Big changes in mountain real estate, volumes drop, but there is one big surprise

Although March is typically not a big sales time in the mountains with mud season and the resorts closed, there are some interesting trends emerging.  As suspected single family homes sales volumes have dropped dramatically along with median and average sales...