Thursday, October 19, 2023

Silverthorne considering short-term rental fee to fund workforce housing, other initiatives

 #colorado #silverthornecolorado #realestate


Silverthorne is thinking about the implementation of a short-term rental licensing fee.

Town manager Ryan Hyland said if town council were to elect to implement a fee it would not be for the 2024 renewal cycle of short-term rentals but maybe for 2025 renewals.

Silverthorne Town Council heard a presentation at its Oct. 11 meeting from the same community economic consulting firm that helped Breckenridge implement its fee, Economic & Planning Systems, Inc. Council members raised concerns about what this fee could do to Silverthorne’s reputation as one of the more affordable communities in Summit County. 

Frisco, Breckenridge, and Dillon all have these fees. The annual licensing fees for a two-bedroom unit is $250 in Frisco, $550 in Dillion, and $1,512 in Breckenridge. Breckenridge’s fee jumped from $400 per room in 2022 to $756 per room in 2023.

Will Heeney, Colorado be next?  It wouldn't surprise me as  all our towns seem to think they can tax the goose that layed the golden egg to death yet still enjoy everything we have here.

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