Talk of The Villages Florida - View Single Post - Colorado may increase prop taxes on short term rentals
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Old 12-24-2023, 07:46 AM
midiwiz midiwiz is offline
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Quote:
Originally Posted by Papa_lecki View Post
There’s a bill in the Colorado assembly. If approved during the 2024 lawmaking session, the bill would classify any property used as a short-term rental for more than 90 days per year as a lodging property beginning in 2026.

That would nearly quadruple property taxes for an estimated 24,000 short-term rental properties in the state. The property tax assessment rate for lodging properties in 2023 is 27.9%. For residential properties, it was set at 6.765%.

Here’s an article on the bill
Colorado legislature will introduce bill hiking taxes for short-term rental properties | VailDaily.com

Could this be done in FLA at the county level?
it does exist in places int he state but not at the county level. Also it doesn't work well.
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