Telluride: Short-Term Rental Business License & Regulatory Fees Established

10 Oct Telluride: Short-Term Rental Business License & Regulatory Fees Established

Telluride Town Council passed the first reading of an ordinance amending the Telluride Municipal Code to establish categories, reduced business license fees, an administrative fee, and a regulatory fee for short-term rental licenses. The ordinance will go to second reading on Tuesday, October 24.

Learn more about the Town of Telluride Short-Term Rental Study and the process that led to this first reading by visiting bit.ly/totstrstudy.

Go here for more about the Town of Telluride.

The amendment comes as Telluride Question 2D, which established a moratorium on new short-term rental licenses, will expire on November 2, 2023.

In preparation the Town held a handful of meetings and open houses throughout July and August to inform Town Council work sessions surrounding future short-term rental policy held on August 1, August 21, September 12, and September 21.

A Council majority agreed to allow 2D to expire, not implement licensing caps in any zone districts, reduce short-term rental business license fees, implement an admin fee, implement a regulatory fee, and add licensing categories with different fee structures.

If passed at the second reading, the key changes include:

• STR Business License Fees: Business license fees return to amounts charged before 2D passed in 2021.
o Lodging Business License: $66 per sleeping room
o Accommodations Business License (STRs): $165 per year plus $22 per sleeping
room

• STR License Categories: Classic, Limited (Limited to a cumulative of 29 nights),
Residential(Residential Zone District limitations), Mid-term, Long-term

• STR Administrative Fee: $288 per license

• STR Regulatory Fee: 40% Regulatory Fee at $857 per bedroom.
o Limited, Residential, and Lodging licenses exempt.

Telluride, more:

A former Victorian mining town in southwest Colorado’s San Juan Mountains, Telluride was incorporated in 1977 as a home-rule municipality. Set in a box canyon amid forested peaks at the base of the popular Telluride ski-and-golf resort, the town’s historic district houses landmarks like the Sheridan Opera House, a performing-arts venue originally built in 1913, and the Telluride Historical Museum, which showcases local history in a converted hospital built in 1896.

For more information, visit us online at telluride-co.gov.