Recap Summary of 2024 Legislative Session

by | May 21, 2024 | Legislation

Attached is a summary of the 2024 legislative efforts that had the potential to directly impact real estate in the State of Colorado. Unfortunately, the bill Limiting Actions against Appraisers, which initiated a 5-year statute of repose for civil action initiated...

SB24-233 Property Tax

by | May 14, 2024 | Legislation

Summary: Property tax assessment for residential property. The bill lowers assessment rates and extends value reductions beginning in the 2024 property tax year. Property tax year 2024. For the 2024 property tax year, the bill carries over temporary assessment rates...

HB24-1313 Housing in Transit-Oriented Communities

by | May 13, 2024 | Legislation

Summary: The bill identifies local governments that must create, report, and implement a housing opportunity goal to increase housing inventory or forfeit allocations of Highway Users Tax Fund (HUTF) revenue from the state. The Department of Local Affairs (DOLA) in...

HB24-1152 Accessory Dwelling Units

by | May 13, 2024 | Legislation

Summary: A subject jurisdiction must allow one ADU as an accessory use wherever the jurisdiction also allows single-unit detached homes. The bill prohibits subject jurisdictions from imposing new parking requirements or requiring that the ADU be owner occupied. The...

HB24-1007 Prohibit Residential Occupancy Limits

by | Apr 15, 2024 | Legislation

Summary: The bill prohibits local governments, including home rule or statutory cities, counties, towns, territorial charter cities, and consolidated cities and counties, from limiting the number of people who may live together in a single dwelling, regardless of...