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Updated 6 months ago,
Granby Ranch HOA (Colorado) just added a 2.7% surcharge on STRs
Not sure how many here will be affected by this but it adds to the tougher landscape for STRs in the mountains. This was pushed through in the last meeting (no vote) by the Board of Directors and will commence January 2025. It's a 2.7% tax on gross amount of all retail and food sales and they specifically mention STRs. Owners are supposed to certify to the Board if no sales were generated in any particular month, as well as provide a copy of any Colorado sales tax return or alternatively, a report from AirBnB or VRBO regarding the sales for that month.
I find this invasive, crappy, and a whole lot more that shouldn't be said in polite company. It's making seasonal, MTR, and LTR a lot more attractive or a 1031 exchange as soon as we hit the 2 year mark.
Anyone else seeing this in their part of the country? Thoughts?