A bill hiking taxes for many short-term rentals in Colorado dies in first committee hearing

 #breckenridge #colorado #realestate

A bill that would have significantly grown taxes for thousands of short-term rentals in the state was killed in its first committee hearing late Tuesday even after the sponsor attempted to make changes to the legislation.

In its original form, Senate Bill 33 would have required any property used as a short-term rental for more than 90 days per year to pay the state’s lodging tax. Colorado’s property tax assessment rate for lodging properties in 2023 was 27.9%. For residential properties, it was set at 6.765%. 

Sen. Chris Hansen, a Denver Democrat and prime sponsor of the bill, proposed changing the bill into only a study of short-term rental impacts. His amendment also would have prevented hotels from reclassifying their units as short-term rentals to avoid higher taxes.

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Bill hiking taxes for short-term rentals to be gutted after resistance from AirBnB, VRBO

 #breckenridge #colorado #realestate

A bill that would have quadrupled property taxes for thousands of short-term rentals in Colorado is set to be significantly watered down next week, according to the bill’s sponsor.

Since Sen. Chris Hansen, D-Denver, proposed the bill in the fall, AirBnB, VRBO and other short-term rental owners have rallied against the idea, saying it would devastate the tourism economy that ski towns rely on.

Senate Bill 33 proposed classifying any property used as a short-term rental or more than 90 days per year as a lodging property beginning in 2026. Colorado’s property tax assessment rate for lodging properties in 2023 was 27.9%. For residential properties, it was set at 6.765%. 

If Hansen’s amendments are approved in Tuesday’s Senate Finance Committee hearing, Senate Bill 33 will instead require only a study of short-term rentals in the state. It would also prevent hotels from converting their rooms into short-term rentals to avoid paying the state’s lodging tax, Hansen said. 

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Same 'ole, same 'ole in Breckenridge recent town council and mayor vote

 #breckenridge #colorado #realestate

Once again the voters of Breckenridge have decided to keep the same people in office = mostly.  The new mayor is the former mayor pro-temp after Mamula resigned to move up to the higher paying job of County Commissioner a few months ago.

So, we're stuck with the same anti-short term rental bunch that passed the seemingly unconstitional rules governing short term rentals in Breckenridge.

However, there is an ongoing lawsuite against the town regarding the short term rental regulations.

I believe if we continue down this path for too long, Breckenridge as we know it now will cease to exist.

A gentle reminder:  who pays for all that Breckenridge offers?  Tourists, that's who.  When tourists come to town what is their very basic requirement?  Short-term lodging.

It seems hard to believe the residents and government of Breckenridge wants to kill the goose that laid the golden egg, but that seems to be the case.

My rant is over for the weekend.  Thank you for listening.

Eagle County is a star in NASA’s new moon mission

 #colorado #realestate #Gypsum

Eagle County, over the last few years, has seen regular rotations of NASA astronauts come through what the U.S. Department of Defense calls “America’s highest level of training” at the U.S. Army’s High-Altitude Aviation Training Site in Gypsum.

But that training program could soon ramp up even more as NASA aims to take its preparations to the next level in readying the human landing system component of the upcoming Artemis moon mission.

Doug Wheelock is in charge of building the training program. Wheelock was an experimental test pilot in the U.S. Army before he was selected to be a NASA astronaut in 1998. He flew in the space shuttle Discovery in 2007 and was later selected to be the commander of the International Space Station, spending six months aboard the ISS. Wheelock completed six spacewalks before being selected to chair the Artemis mission’s joint test panel for the human landing system.

Eagle County, over the last few years, has seen regular rotations of NASA astronauts come through what the U.S. Department of Defense calls “America’s highest level of training” at the U.S. Army’s High-Altitude Aviation Training Site in Gypsum.

But that training program could soon ramp up even more as NASA aims to take its preparations to the next level in readying the human landing system component of the upcoming Artemis moon mission.

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Months into new regulations, short-term rental owners say they may need to sell their properties in Summit County

 #breckenridge #colorado #realestate

Laura James’s Breckenridge home is dotted with 45 years of family memories. 

A pot-bellied stove stands in the basement where, as a child, James smelled the aromas of coffee and oatmeal as it heated. A pair of 1970s snowshoes that belonged to her dad now decorate a wall. Warm light pours into the living room through her late mother’s handmade stained glass window. 

When James and her husband purchased the home from James’s parents in 2016, they had every intention of making new memories by keeping it in the family. In order to afford the property in addition to their primary residence in Colorado Springs, James said they turned to short-term renting. 

“We’re not a big corporation. This is a family dream,” James said. “Our revenue is solely to cover our mortgage, our expenses and our employment of local workers.”

The couple made it work for years. But now, under new short-term rental regulations in Summit County, James said they’re concerned about the ability to hold onto their Breckenridge property. 

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Looking for a second home very close to downtown and boarding/skiing in Breckenridge?

 #breckenridge #realestate #colorado

In a highly sought-after Breckenridge neighborhood this Mill Run townhome style condo offers the perfect blend of luxury, convenience, and privacy, making it an exceptional ownership opportunity.

Situated just two short blocks from downtown and the base area at Peak 9, this 4-bedroom condo boasts a secluded location that allows you to immerse yourself in the serene mountain surroundings while still being in close proximity to all the amenities the town has to offer. With skiing, hiking, and biking trails nearby, adventure awaits right at your doorstep.

Priced at less than $1,000 per square foot, you won't find a better deal in the market. This small complex rarely has units come up for sale, making this an opportunity you simply can't pass up. With a highly desirable location, impeccable finishes, and ample living space, this condo presents the perfect investment for those seeking the ultimate mountain retreat.

Natural light floods into every corner of this unit, thanks to its huge south-facing windows and skylights  make the interior bright and inviting at any time of the day.  The vaulted ceilings and rustic 4 x 10 rough-hewn beams add a touch of rustic charm, creating a cozy atmosphere that instantly feels like home. The tongue and groove ceilings further enhance the character of this beautiful condo.

Don't miss out on the chance to own a piece of paradise in Breckenridge. Call or text me today to schedule a viewing and secure this remarkable condo before it's gone. Act fast as opportunities like this are few and far between. Trust me, you won't regret it.  970-485-0293 or email:  nancy@buyinbreckenridge.com

For all the details and lots more photos click Here

A remarkable opportunity at Beaver Run in Breckenridge

 #breckenridge #realestate #colorado

Investing in a condo in Breckenridge means hitching a ride on a thriving real estate market with consistently increasing property values. 

Boasting a blend of second-home buyers, vacation rental investors, and full-time residents, the town's demand for properties remains strong. By securing your investment today, you tap into a market that promises long-term appreciation and lucrative returns.

This 4 bedroom/4 bath condo boasts an unparalleled location in the prestigious town of Breckenridge, known as the jewel of the Colorado Rockies. Nestled amidst soaring peaks and surrounded by national forests, this internationally renowned destination attracts millions of tourists year-round. 

Investing in a property located in a world-class vacation spot guarantees sustained demand and ample rental income.

Breckenridge is not only a haven for   outdoor enthusiasts but also a treasure   trove for foodies and culture  connoisseurs. The town's vibrant  culinary scene offers a plethora of  dining options, ranging from cozy  mountain taverns to upscale gourmet   restaurants. 

 Moreover, Breckenridge hosts  numerous festivals, art galleries, and theaters, providing a year-round  cultural calendar that adds value to your investment.

Are you ready to embark on the investment journey of a lifetime? Don't miss out on this extraordinary opportunity to own a condo in the iconic town of Breckenridge, Colorado. 

With its prestige, endless recreational opportunities, and robust rental demand, this fantastic investment promises remarkable growth and profitability. 

Secure your future in the lap of luxury by investing in the internationally renowned Breckenridge today!

Call or text me today 970-485-0293 or nancy@buyinbreckenridge.com for more information.  For detailed information and many more photos click the link below:

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