Homeowner Information Archives

2023 Property Tax Valuations are Now Available

These wildflowers on Shrine Ridge would be preferred over the 2023 property valuations sent out May 1st

April showers bring May property tax valuations in Colorado. Notices of Valuation were sent out by the Summit County Assessor’s office on May 1st. I suggest you sit down before you open the mail and see your new property valuation and estimated 2023 property tax bill. Values have gone up substantially since the last valuation […]

Land Owners may be Targets for Fraud

Vacant Land may put land owners a target for fraud

Every time we turn around, there is another way someone has figured out to scam people. Because real estate often involves large amounts of money, it’s no surprise that there are consistently new ways someone is trying to steal that money. Recent scams include renting out properties they don’t own or sending alternate wiring instructions […]

It Pays to Convert your Short Term Rental to Long Term in Summit County

Is your short term rental (STR) income slowing with the economy? Are you no longer using your Summit County home but aren’t ready to sell. Do you want to help the locals with the current housing shortage? If you are answering yes to any or all of these questions, you may want to consider converting […]

Grants for Marshall Fire Victims

The Colorado Association of Realtors (CAR) is continuing to give grants to victims of the Marshall Fire but time is running out. If you have been displaced from your home due to damage from the Marshall Fire, you can apply for a grant to help with mortgage or rent payments. There is only one week […]

Vacation home rentals & your taxes

If you have a vacation home in Summit County, or anywhere in the US, that you rent out part time, what you can or cannot deduct can get a little sticky. How many days a year do you use your vacation home? How many days to you rent it to others at fair market rent? […]

The chipping program is back in Summit County neighborhoods

Spring in Summit County means we all start cleaning up our yards after a season of snow covered lawns. Piling up broken branches or downed trees and evaluating and creating defensible space around our homes as needed. The larger branches and trees that can’t be hauled away with the trash can be stacked neatly beside […]

Your 1031 Exchange Deadline has been Extended!

There are actually a few good things coming out of this pandemic. We get to spend so much more time with our family, hanging out at home and enjoying those around us. We get to file our taxes a little later this year, which is great if we owe taxes. We also get to extend […]

Struggling with your mortgage due to Coronavirus?

Many people have been out of work for a couple of weeks now. Others are concerned that, while they are still employed, it’s not going to last. Still others are at high risk and really shouldn’t leave the house. All a result of Coronavirus and the resulting shut downs happening across the country. Many americans […]

Colorado Property Tax on Rental Property Increase in the Works

Recently introduced Senate Bill 20-109 could have huge impacts on your income if you short term rent a Colorado property. In fact, if passed, your Colorado property tax on rental property would likely double. Luckily, it’s still early in the process and we all have time to voice our opinions. What Properties are Impacted? In […]

Higher Property Tax Rates on Short Term Rentals in Colorado?

The state of Colorado has some proposals in the works that would raise the property tax rates on short term rentals. We have been hearing rumors of this happening since late last year. It sounds like now they are working on something to make it a reality. We need both facts and opinions about the […]