8 Vacation Rental Ordinance Changes: Town of Mt Crested Butte

Buyer education series for Crested Butte Real Estate

December 1, 2021: Article written & information compiled by Heather Connor, Crested Butte REALTOR®

 

If you are in search of property in Crested Butte and plan to vacation rent your property, then you’ll quickly find out that there are many nuances to not only homeownership in the Colorado mountains, but constantly evolving vacation rental rules and regulations as well.

Town of Mt. Crested Butte vs. Town of Crested Butte:

First, let’s start with the basics. Town of Crested Butte and the Town of Mt. Crested Butte are different townsites. This means different town councils, mayors and different ordinances surrounding short-term rentals.   If you’re new in your property search, then it’s important to understand this distinction. While the two towns are located only minutes from each other, their rental rules & regulations as well as the rental climate are vastly different.  

 

 

 

Summary of 8 Ordinance Changes for Mt. Crested Butte

 

On August 4, 2021, Mt. Crested Butte increased their license fees to $350 for a new annual license and $300 for a renewal annual license. Ps: additional inspections are $75/each which is a new cost. 

     

      • Addition of HOA approval requirement for single-family residential properties within an HOA.  HOA Approval is now required on a yearly basis.

      • Addition of a Good Neighbor Policy.

      • Addition of a Personal Property Declaration Form for Gunnison County, if applicable.

      • Additional requirement to post all relevant documents inside the property.

      • Allowance of Town website posting of property address, owner name, local representative and phone number, and number of parking spaces allowed by the license.

      • Addition of a penalty for delinquent taxes, which constitutes a lien on the property, including late payments and administration and attorney fees, if applicable.

      • Addition of a fine structure for STR Ordinance violations.

      • A new self-compliance affidavit.  

     

    VRBO & Airbnb Tax Collection & Remittance

    For many folks that rent they end up utilizing one of the common rental sites available such as VRBO and Airbnb. These sites have been through many changes and now collect the taxes necessary for rentals in Mt. Crested Butte and will collect and remit on your behalf. 

    Please note, these sites are constantly changing, as are the local STR rules.  It is always a good rule of thumb to verify this information with both the rental sites and with your local jurisdiction.  If you plan on self-managing your property then you will need to collect and remit taxes which will require a local sales tax license.    

    At the time of this blog, your contact to request this document is:                                                                                        Emily Wallick at ewallick@mtcrestedbuttecolorado.us or call her at 970-349-6632.

    The Mt. Crested Butte Short-Term Rental Guide: Get a copy of the PDF by clicking HERE. 

     

    Renewal Links & Access to Other Short-Term Rental Documents

    Renewal for 2022 opened on November 1, 2021 and you can click HERE to view the link to start this process. 

    Links to other documents such as the Good Neighbor program, to view the previous and current STR rules, to file a complaint, and other items can all be found within the same site. Owning a vacation rental comes with many aspects and understanding the regulations is just one aspect. 

    If you’re considering a purchase in Mt. Crested Butte, book a consultation with Heather and she can expertly guide you through the process of identifying the right property, understanding the current regulations, and how to mazimize your rental income.


    *We do our best to source factual data from the best resources out there. However, it’s always advised for consumers to perform their own due diligence, confirm accuracy and consult a legal or real estate professional. All information is deemed reliable but not guaranteed.

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