By Jason Blevins and Jesse Paul | Colorado Sun
A proposed property tax hike on Colorado short-term rental owners would only kick in for people with three or more homes under new legislation proposed as a gentler alternative to a further-reaching measure also being debated at the state Capitol this year.
State Rep. Shannon Bird, a Democrat from Westminster, hopes her House Bill 1299 will work as a compromise to slow the growth of short-term rentals that is pinching the housing supply, especially for local workers.
Her legislation would impose the state’s much higher commercial property tax rate on properties offered as short-term rentals when they belong to a person or business that owns at least two other homes.
