Insight
Lawmakers in Colorado are proposing a tax on vacant homes.
Vacant homes could be taxed in Colorado to pay for affordable housing under lawmakers’ proposal
Summary
A proposal in Colorado suggests taxing vacant homes to fund affordable housing initiatives. This could impact short-term rental hosts, especially those with properties that are unoccupied for extended periods. The potential for new taxes warrants attention for financial planning and compliance within the state's STR market.
Key takeaway