Colorado mountain towns are full of vacant trophy homes and …

Sep 4, 2024 · Residential vacancy rates are above 40% in some Colorado mountain towns, according to CAST. CAST hopes a vacancy tax would incentivize homeowners to rent to full-time residents and disincentivize ...

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Colorado Mountain Towns Are Full Of Vacant Trophy Homes And …

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Colorado Mountain Towns Are Full Of Vacant Trophy Homes And …

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Sep 11, 2024 · Residential vacancy rates are above 40% in some Colorado mountain towns, according to CAST. CAST hopes a vacancy tax would incentivize homeowners to rent to full …

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Colorado Resort Communities Want A Vacancy Tax On Vacant Homes

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Aug 7, 2024 · 3:50 AM MDT on Nov 1, 2023. 3:50 AM MDT on Jul 22, 2024. Crested Butte voters in 2021 rejected a proposal for a $2,500-a-year empty home tax on homes that were vacant …

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CO Mountain Towns Seek Tax On Vacant Homes | Own In Aspen

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The taxes, which so far range from 1% to 3%, can produce millions of dollars in revenue per year for the towns. According to 2021 data from CAST, Aspen made nearly $32 million from its …

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Mountain Towns Weigh Colorado’s First-ever Tax On Empty Homes

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Aug 1, 2024 · Most vacancy tax proposals point to Vancouver in British Columbia, where a 3% annual tax rate based on the assessed value of empty homes that launched in 2017 has …

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Which Colorado Ski Town Is Best Investment: I Rank Each One

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Jan 7, 2022 · Also reference the charts below. Breckenridge (Summit County) 37% of transactions are in cash, up from 33%. Front range buyers constant around 43%. Aspen …

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FAQs about Colorado mountain towns are full of vacant trophy homes and … Coupon?

Is housing an inflection point for Colorado's Mountain Communities?

Housing has become an inflection point for Colorado’s mountain communities, struggling to retain their workforces and local businesses. The issue has long been a challenge, but the pandemic has pushed it into overdrive, according to residents and experts. ...

Are empty homes taxed in Colorado?

There are no communities in Colorado that tax empty homes, but the growing challenge of building affordable housing for workers in mountain communities where real estate prices are soaring and as many as 40% of homes are unoccupied by full-time residents is fueling creative thinking around new revenue sources. ...

How does housing affect the reputation of a mountain town?

The availability of affordable housing has far-reaching consequences for a mountain town, according to Margaret Bowes, executive director of the Colorado Association of Ski Towns. "It’s impacting the level of service that a mountain town can provide to their guests," she said, "and that has the potential to really impact the reputation of that town. ...

How many homes are not occupied in Colorado?

The latest U.S. Census American Community Survey in 2022 showed a total of 205,621 homes that were not occupied by owners in Colorado and 2.38 million occupied homes. The survey showed 90,728 of those unoccupied homes were for “seasonal, recreational or occasional use” and 43,819 of those vacant homes were available for rent. ...

Is there a shortage of modular homes in Colorado?

Colorado faces a significant supply shortage of modular homes. Fading West Development, a construction company in Buena Vista, is working to address this issue by manufacturing 600 to 700 modular homes a year in an 11,000-square-foot factory they opened in November. ...