Your Source for Summit County Real Estate
One of the provisions in Summit County’s short term rental (STR) regulations put in place in 2023 was to cap the number of STR licenses that could be issued in each of their identified areas. Some of those caps were actually below the number of licenses that were already in place. That meant they could […]
In case you haven’t heard, Summit County is going to start a wait list for Short Term Rental (STR) licenses for the Lower Blue Basin, that includes Wildernest. The Lower Blue Basin is basically those areas called Silverthorne that are not in the Silverthorne town limits. That means the short term rental license waiting list […]
The state of Colorado has been busy passing housing laws. The latest, SB24-094, is a bill to protect long term tenants from living in conditions that impact their life, safety and health. While we applaud the intent, this bill could go too far and end up with big consequences for Colorado homeowners with long term […]
The housing shortage has put the legislative spotlight on everything housing related. From affordable housing, short term rentals, zoning and property taxes to long term rentals. Recently, the Colorado legislature passed a new bill that the governor signed into law this April. It puts into effect new long term rental rules in Colorado. Colorado housing […]
The residential tax rate for 2023 in Colorado is 6.76%. The commercial tax rate for 2023 in Colorado is 27.9%. A draft Colorado bill to increase property tax rates on short term rentals will convert those properties that are short term rentals from the residential rate to the commercial rate. That’s a huge tax increase! […]
The last couple of years have been an ever evolving short term rental landscape. Every town implemented rules, the county implemented rules. Moratoriums were put in place then ended. The rules changed here but not there. It’s been ridiculously hard to keep up. And once again, after a nine month moratorium, Summit County short term […]
The Frisco town council has decided to limit the number of properties that can be short term rentals within the town limits of Frisco, CO. Review and potential approval of the new short term rental cap in Frisco will happen at the end of September and likely implement immediately afterwards. Short term rental cap At […]
Time is up and the short term rental license moratorium that Summit County had in place has come to an end. New rules and fees have been determined and any new permit requests for properties that fall under county jurisdiction will be following the new STR rules. Short term rentals are considered to be any […]
After a public meeting in November the Breckenridge Town Council voted to move forward and raise short term rental fees. The proposed ordinance suggested a fee of $756 per bedroom. During the meeting a lower rate was decided on for the first year and a few exemptions were discussed. If you short term rent your […]
After the town council meeting September 28th, the town of Breckenridge is moving forward capping short term rentals within town limits. Some exceptions do apply but those exceptions must meet rigid standards. These standards are only currently being met by 13 complexes within the town of Breckenridge. Short term rentals in those 13 complexes make […]
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