Colorado ski real estate doubles, will there be a drop on the other side? 5 factors that will shape the future
The amount spent on real estate in six of Colorado’s resort-anchored counties doubled from 2019 to…
There were many local initiatives/bond issues not just in the front range but throughout the state. I was surprised by the rate of passage of these ballot questions. What city enacted a tax of 18.4%? What major items passed throughout the state? In a nutshell, taxes are going up substantially in many areas. How is this possible with the TABOR amendment that caps property tax increases? What are the biggest initiatives throughout the state?
El Paso County
All in all, Colorado was in a spending mood last night approving billions in new spending initiatives. I was surprised at how easily many of these initiatives passed. It reflects how well the Colorado economy has improved over the last 10 years. Many of the increases were for schools which were in dire need of funding. Unfortunately, these new initiatives will start flowing through to your mailbox in the form of tax bills in the coming year. The higher taxes will have a byproduct of making housing even more expensive in many areas.
Written by Glen Weinberg, COO/ VP Fairview Commercial Lending. Glen has been published as an expert in hard money lending, real estate valuation, financing, and various other real estate topics in the Colorado Real Estate Journal, the CO Biz Magazine, The Denver Post, The Scotsman mortgage broker guide, Mortgage Professional America and various other national publications.
Fairview is the recognized leader in Colorado Hard Money and Colorado private lending focusing on residential investment properties and commercial properties both in Denver and throughout the state. We are the Colorado experts having closed thousands of loans throughout the state.
When you call you will speak directly to the decision makers and get an honest answer quickly. They are recognized in the industry as the leader in hard money lending with no upfront fees or any other games. Learn more about Hard Money Lending through our free Hard Money Guide. To get started on a loan all they need is their simple one page application (no upfront fees or other games)