Colorado legislature proposes statewide elimination of single family zoning

Colorado legislature proposes statewide elimination of single family zoning

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...
CO Short term rental elections 20% tax rates approved, what are the results and what does this mean to you and Colorado ski real estate?

CO Short term rental elections 20% tax rates approved, what are the results and what does this mean to you and Colorado ski real estate?

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...
New Short Term rental tax 20.4%, what does this mean for real estate?

New Short Term rental tax 20.4%, what does this mean for real estate?

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...
Legislature reaches compromise to reduce property taxes, but your property taxes still going up 37%

Legislature reaches compromise to reduce property taxes, but your property taxes still going up 37%

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...
Colorado mountain towns can use tourism taxes for whatever they want; impact on real estate

Colorado mountain towns can use tourism taxes for whatever they want; impact on real estate

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...
My property taxes went up 20% and yours went up the same or more

My property taxes went up 20% and yours went up the same or more

  Welcome to tax time in Colorado.  Property tax bills are being mailed out and you are sure to be in for a shock.  I just looked at my bill and my tax bill went up 20% from last year!  I’ve seen throughout the front range and various mountain...