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...