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a description of the map's place of official recording (e.g., recorded in the files of the County Engineer). The legal description of a 2.5-acre (10,000 m 2) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision plat as recorded in Map Book 21, Page 33 at the Recorder of Deeds.
The real estate industry has been regulated since 1925 through what is now the Division of Real Estate. [4] In 1931, Colorado began chartering credit unions, when the General Assembly passed the Credit Union Act.
The existence of section lines made property descriptions far more straightforward than the old metes and bounds system. The establishment of standard east-west and north-south lines ("township" and "range lines") meant that deeds could be written without regard to temporary terrain features such as trees, piles of rocks, fences, and the like, and be worded in the style such as "Lying and ...
Trulia previously featured a crime map with data sourced from CrimeReports.com and SpotCrime.com, which aggregate crime data from law enforcement agencies and news reports. [21] [22] In 2022, citing "bias in real estate", Trulia removed the crime data. [23] Information on local schools and amenities is provided for each property listed on Trulia.
The 2019 average real estate prices in Summit County were $1,262,929 for a single family home, $559,776 for a condo, townhome or duplex and $344,945 for a vacant piece of land (YTD through December 2019). [14] Snowmelt runoff fills Lake Dillon in Summit County
Real estate and personal business property are taxable in Colorado. The state's senior property tax exemption was temporarily suspended by the Colorado Legislature in 2003. The tax break was scheduled to return for the assessment year 2006, payable in 2007. As of December 2018, the state's unemployment rate was 4.2%. [183]