Development, Financing and Other Property News from Colorado's Leading Real Estate Law Firm
By: James T. Johnson and Kimberly A. Martin
In May of this year, Governor Hickenlooper signed into law House Bill 11-1146, which amends the statutory definition of “agricultural land” for property tax purposes. Historically, land underlying a residence located on a parcel of property that otherwise was classified as “agricultural land” was also classified as…
In May, Governor Hickenlooper signed into law Senate Bill 11-234 – Concerning Residential Real Property Transfer Fee Covenants. The bill is targeted at prohibiting fees payable upon the transfer of residential real property to individuals and entities where such fees do not touch and concern the real property. The common law likely already prohibited such fees. Nevertheless…