property tax
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$677 million property tax valuation for Gaylord resort is upheld
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With a $400 million difference in property value on the line, Colorado’s second-highest court has sided with Adams County in upholding a $676.5 million valuation of the Gaylord Rockies Resort & Convention Center. The owner of the 1,501-room hotel near Denver International Airport attempted to argue the amenity-rich convention center’s real value was closer to $270 million.…
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Gov. Polis signs property tax exemption for nonprofit child care centers
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Gov. Jared Polis signed a bill Wednesday to exempt nonprofit child care centers from paying property taxes in Colorado. Starting in August, House Bill 1006 modifies current law that allows property owned and operated by nonprofit child care centers to be exempt from property taxes. The bill removes the ownership requirement, adding to the tax exemption properties…
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Colorado legislature approves property tax exemption for nonprofit child care centers
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A bill seeking to exempt nonprofit child care centers from paying property taxes passed the Colorado legislature Monday and now heads to Gov. Jared Polis for final consideration. If signed into law, House Bill 1006 would modify current law that allows property owned and operated by nonprofit child care centers to be exempt from property…
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Polis, legislators push $700 million in property tax relief that taps into TABOR refund
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Rising property values in Colorado are expected to cost Coloradans about $1.3 billion more in property taxes over the next two years. Lawmakers, business representatives and the governor’s office have been negotiating on a solution, and on Monday, the governor and some of those involved in the talks rolled out legislation to offer relief to…
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Supreme Court finds error in Eagle County’s valuation of luxury Vail resort
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Eagle County improperly included income from separately-owned condominium units when it estimated the property value of a luxury Vail resort, the Supreme Court decided on Tuesday. The county had valued The Lodge at Vail at roughly double what its owner, Vail Resorts subsidiary Lodge Properties, Inc., believed it was worth. The discrepancy stemmed from how…
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Colorado property tax rates poised to skyrocket in coming years, report by business group finds
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Coloradans are facing massive property tax increases in the coming years due to a combination of the state’s surging real estate market, the tax system’s biennial assessment calendar, and the looming expiration of measures adopted to ease the shock of tax hikes, according to a study released Friday by business coalition Colorado Concern. “You look…
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House committee approves bill exempting nonprofit child care centers from property tax
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Nonprofit child care centers in Colorado wouldn’t have to pay property taxes under legislation a state House committee advanced on Tuesday in the hopes of reducing costs and improving access. House Bill 1006 aims to modify current law that allows property owned and operated by nonprofit child care centers to be exempt from property taxes. The bill…
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Elderly Coloradans can begin applying for property tax, rent, heat rebate
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Elderly Coloradans and people with disabilities can start applying for a rebate to help pay their property tax, rent, and heat expenses, the Polis administration announced Monday. Residents can get up to $976 a year, depending on their income levels, the administration said. To be eligible for the Property Tax, Rent, Heat rebate, an individual must…
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What is one hotel worth? State Supreme Court wades into dispute over luxury Vail hotel
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Vail Resorts and Eagle County hold different views about how much a luxury hotel property in the core of Vail Village is worth – specifically, a difference of $24 million. Now, the Colorado Supreme Court has agreed to decide whether the Fortune 500 company and the state of Colorado are correct that the disputed property should…
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Now, that’s what you call sweat equity
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While Republicans were busy this week defending their new tax plan and the impact it will have on the middle class, Pueblo County is offering seniors and the disabled a deal in paying off their property tax. The county is promoting a program that allows those over 60 years old or who are disabled to…
