Colette Bordelon is a reporter with Denver7.
DENVER — Owners of short-term rentals — like properties listed on Airbnb or Vrbo — could have to pay increased property taxes if a bill moving through Colorado's state legislature becomes law.
Hansen said the lodging tax rate is approximately twice as much as a normal residential rate. He also intends to increase the threshold for a lodging property from 90 to 200 days, but he said there is not a clear consensus on that piece of the bill. "Short-term rental units, typically, if they're used a lot, are causing a higher cost for things like fire, ambulance, sheriff calls. Because they have such high use, they require more services," Hansen said. “If we are properly categorizing lodging properties across the state, it means that we are sending less of the general fund to backfill those jurisdictions on the school finance side...
Rich and Beth Mason, who own a short term rental in Summit County, scoffed at the idea that the cost of services would equal a lodging property tax rate. “To me, it's just how do we get more tax money. Unfortunately," Rich said. “It's a huge waste of time, and nobody's done the homework on the bill.”
Colorado State Capitol Colorado State Senate Colorado Politics Lodging Property Tax Treatment Rich And Beth Mason Who Own A Short Term Rental In Summit County SB24-033 Senate Bill 24-033 Senate Finance Committee State Sen. Chris Hansen D-Denver
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