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Category: Aspen Real Estate
By John D. Belkin, Garfield & Hecht, P.C. When buying a business, the transaction typically includes real estate in some form. Examples of the real estate could be a building, a parking lot for customers or a lease. Typically, the real estate is not the basis of the transaction, but rather of consequence because of […]
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Two Recent Colorado Supreme Court Decisions May Result in Some Undeveloped Parcels of Land Being Taxed at a Higher Rate
By Kelcey C. Nichols, Garfield & Hecht, P.C. In Colorado, “residential land” has generally been taxed at a significantly lower rate then “vacant land”. In 2020, the Residential Assessment Rate was 7.15%. In contrast, the assessment rate for “vacant land” was 29%, more than three times higher. In the last few years, the Colorado Court […]
read moreOver the past few months, Governor Jared Polis signed a number of executive orders intended to protect tenants renting residential property in Colorado from the adverse impacts of COVID-19. Until recently, the executive orders did not prohibit evictions. Instead, they lengthened the statutory period granted to tenants to cure defaults due to nonpayment of rent. […]
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