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 […]
New Long Term Rental Rules in Colorado
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 […]
Colorado Bill to Increase Property Tax Rates on Short Term Rentals is Back in 2024
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! […]
Summit County Short Term Rental Regulations – 2023
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 […]
Short Term Rental Cap in Frisco, CO to Go to a Vote
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 […]
STR Moratorium Ends; Now New STR Rules
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 […]
Breck Raises Short Term Rental Fees
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 […]
Town of Breck Caps Short Term Rentals
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 […]
No Moratorium in Dillon
At the Dillon Town Council meeting on September 21st, the council voted not to enact the proposed short term rental license moratorium. They could go through this process again and put one into place at a later date, but for now, they have decided to let things ride while they do more research. There will […]
Dillon Considers Short Term Rental License Moratorium through Winter
At a council meeting today, September 21st, the Dillon Town Council will discuss and vote on a short term rental license moratorium until the end of April. The council has seen short term rental (STR) applications increase recently due to the moratorium imposed by Summit County and the cap being considered in Breckenridge. As a […]