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 […]
Energy Rebates are Available
When you get a new home in Summit County it generally comes with everything. You’ll have appliances, furniture, bedding and even dishes when you close. That’s the beauty of second homes, they are typically turn key. However, just because it comes with everything, it doesn’t mean you like it or don’t want to replace it. […]
Reduce Your Taxes up to $2500 for Wildfire Mitigation
Wildfire mitigation pays off, in more ways than you know. Not only does wildfire mitigation help save your property when it’s threatened by wildfire but you can also reduce your taxes up to $2500 for some or all of the amount you spend. Now that’s a good deal! According to the Colorado Department of Revenue, […]
A Rain Chain Instead of a Downspout
Summit County is not your typical place to live. It’s high elevation, 9,000 -11,000 feet, with intense weather conditions. It’s baked by the sun and buried by the snow. That needs to be taken into consideration with anything that has to endure the elements. Our homes need to outlast the abuse. One way we have […]
Fire Evacuation Tips
My sister lives in Oak Creek Canyon, near Sedona, Arizona. She recently had to evacuate because of a large wildfire. As she has had to evacuate before, she was more prepared than most. I thought I would copy an email offering fire evacuation tips that she sent to her friends. For the past thirty years […]
Colorado Timeshare Resale Scam
Mountain Living Real Estate doesn’t handle the sale or purchase of timeshares. Sometimes finding an agent to handle one for you can be difficult, especially in neighboring Eagle County. There are scammers out there that are taking advantage of owners wanting to sell. Be cautious of all unsolicited contacts regarding your timeshare. The Colorado Division […]
Important Consumer Advisory!
The following consumer advisory is from the Colorado Divison of Real Estate. They are there to protect you from being taken advantage of. Bottom line, if someone is trying to talk you into selling your home to them, get another opinion. No matter how nice or how honest you think someone is being, double check […]
Home Tax Deductions – Are You Missing Out?
Owning a home can pay off at tax time. Take advantage of these home tax deductions and strategies to lower your tax bill: Mortgage Interest Deduction One of the neatest home tax deductions itemizing homeowners can take advantage of is the mortgage interest deduction, which you claim on Schedule A. To get the mortgage interest deduction, your mortgage […]
New Summit County Property Tax Assessment Notices Will be out Soon
One of the down sides of an improving real estate market is the increasing property taxes that go along with it. Because the property taxes we pay are based on the value of our property, an increase in your home’s value often means an increase in the costs you pay to keep that home. That increase can be […]