Taxes, fentanyl, trans youth in sports, hunting, natural gas are among matters voters will have a say on the ballot come November. Along with these issues is the battle of the century regarding the fate of your tax dollars with the elimination of the Taxpayer Bill of...
The Colorado legislature just voted for the largest tax increase in Colorado’s history. As you suspect they are framing this as a tax increase “without increasing taxes”. Essentially the new ballot initiative will allow the state to eliminate the taxpayer...
Instead of cutting bloat from the Colorado Government there is a new proposal to help the state spend even more by doubling the state income tax rate on “wealthy taxpayers”. The theory is who doesn’t want free money; someone else is going to pay. What...
Reading the headline, it sounds absolutely crazy to propose taxing businesses for creating jobs, but is this really a crazy idea? Is every job worth the same in Colorado? For example if someone builds a large hotel in Steamboat creating 15 jobs, should the developer...
Colorado has continued pushing for statewide zoning in the last several legislative sessions. The new proposal, House Bill 26-114 would radically alter every community in Colorado. The new bill mandates 2k foot min lot sizes statewide (no exceptions for any cities)....
I was surprised to see the news that Eldora, in Boulder County, is up for sale. What caused the sale of Eldora. What does this mean for real estate in Nederland, CO? Why is the town of Nederland buying a ski resort? Is this even a good idea? Are property owners...
In the last several weeks, I’ve had two deals fall through due to insurance. One was on a rural property that they could not find reasonable insurance on, and the other was on a condo in Denver that was under insured due to the huge jumps in insurance costs for the...
Why is Steamboat Springs leading the way? Although in the last legislative session the initiative to charge second homeowners more was defeated, it is rearing its head again in the form of a new backdoor “vacancy tax”. The leaders of this new push are the Colorado...
Will Colorado property owners actually see real property tax relief? Property owners are fed up with the run away increases in Colorado property taxes and yet the legislature has done very little. The governor and legislature blinked from the threat at the ballot...
Just like in California, Colorado recently passed a bill to create a statewide insurance plan to write insurance policies in high risk areas. Why are most major insurers now leaving California? What does this mean for the future of property insurance in Colorado?...
The Colorado legislature is out of control with their housing bills. The newest bill: “Real Property owner unit association collections” will drastically increase HOA fees for every property owner and likely could bankrupt many homeowner associations. What is in this...
Every time I open the news, I’m amazed at what is happening in the Colorado legislature. As a rental property owner, I cringe as it is becoming next to impossible to cost effectively operate a rental property. The new bill is titled “safe housing”. Who...
Get ready for sticker shock as you open the mail and get your tax bill. As values soften throughout the state, why are your property taxes going up? How can assessed values continue to increase even though property values are softening? Why will your taxes likely...
The legislature passed a little known bill to allow property owners to defer their property taxes above 4% increase starting in 2023. To get the message out, they sent out the flier above that I received this week. On the surface, this sounds like an amazing plan. ...
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,...
Big changes in store for Colorado real estate in the upcoming legislature Colorado Governor Polis, in a recent interview, called short term rentals paying residential rates a “loophole” that he supports closing. “Residential properties that work like hotels...
Hopefully many of you on this list took the time to appeal your Colorado property taxes. I absolutely did! For my appeal, I filed the formal appeal and also spoke with the assessor to discuss. I got my letter this week and the assessor refused to adjust the value...
Wow! You can always hand it to the politicians to take a simple property tax measure and fill it to the brim so in the end it costs more than it actually saves you. In a last-ditch effort, the Colorado legislature approved: SB23-303 Reduce taxes and voter approved...
Last year Denver passed an “affordable housing program” that requires multifamily developments to pay linkage fees and/or reserve a percentage of units for low income housing. What has happened to apartment construction since passage? Were my original predictions...
With a supermajority, the legislature has been busy crafting bills that will radically alter the real estate landscape. The recent proposal allows the state to dictate zoning in every county throughout Colorado and eliminate single family zoning. As you can imagine...
Regardless of party affiliation, this has been a big voting season for Colorado real estate and there was a resounding message relayed at the polls. Voters in Steamboat Springs, Aspen, Dillon, Glenwood Springs, Carbondale, and Summit County all decided whether...
While other mountain towns implemented taxes and regulations on short term rentals, Steamboat was a bit late to the party. Locals were not happy and elected a new council. The new ballot question will raise the short term rental tax to 20.4%. Will this pass in...
With initiative 74, which I wrote about last week, looking to likely pass, legislatures agreed to a last-minute compromise to try to avert a showdown over initiative 74. The solution, Senate Bill 238 to reduce property taxes. Unfortunately, the math doesn’t add...
Currently in mountain towns throughout Colorado lodging taxes must be used for tourism marketing. This week Governor Polis just signed a monumental bill into law that allows towns to use only a small portion for lodging and the rest for other items. What does this...
