taxation - The Durango Herald

Colorado legislative property tax plan is in 11th-hour limbo

A commission has been working to prevent spikes in annual bills

DATE: Apr 29, 2024 | CATEGORY: Regional News

Looking for energy rebates? A new Google-built calculator may help Colorado residents

Rewire America aims to put homeowners and contractors in touch with lucrative rebates and credits

DATE: Apr 16, 2024 | CATEGORY: Regional News

Colorado could use $700 million of TABOR surplus on a new child tax credit

Starting Spring 2025, Colorado’s lower-income families could receive an average of $2,500 per year under a state-level child tax credit. The proposal, which is moving forward at the statehou...

DATE: Apr 10, 2024 | CATEGORY: Regional News

Colorado lawmakers postpone hearing on short-term rental tax measure

Colorado lawmakers have delayed a hearing on a bill that would tax short-term rentals as commercial properties. Property owners from around the state were expected to show up at the Capitol ...

DATE: Feb 16, 2024 | CATEGORY: Regional News

Durango to explore 2005 sales tax reauthorization for new police department, city hall

Construction costs, designs to be presented at public forums

DATE: Feb 15, 2024 | CATEGORY: Local News

Durango’s food tax rebate and utility refund program taking applications

7,761 utility accounts serviced in 2023

DATE: Feb 9, 2024 | CATEGORY: Local News

Colorado short-term rental owners may protest plan to quadruple their taxes

A survey showed that a majority would reduce their rental nights if Senate Bill 33 passes

DATE: Feb 3, 2024 | CATEGORY: Regional News

IRS warns tax filers to be wary of fraud now that 2024 season is underway

Phishing scams, fraudulent preparers are two prominent schemes

DATE: Feb 1, 2024 | CATEGORY: Local News

Durango expects to collect nearly $3.4 million in mill levy property tax revenue in 2024

City Council certifies mill levy for new year

DATE: Jan 12, 2024 | CATEGORY: Local News

TABOR refunds will remain tax-free this filing season

Looks like Colorado's TABOR refunds won’t be considered taxable income by the IRS this tax season. Sen. Michael Bennet confirmed in a meeting with the IRS and Gov. Jared Polis that TABOR ref...

DATE: Jan 10, 2024 | CATEGORY: Regional News

Commissioners approve 2024 La Plata County budget

Additional employees added, significant capital improvements included despite property tax relief that cost the county $1.5 million

DATE: Jan 9, 2024 | CATEGORY: Local News

Durango school district comments on Gov. Polis property tax reduction letter

Board of Education assures residents that the district will not be impacted

DATE: Dec 17, 2023 | CATEGORY: Education

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High Country Cattle Auction brings top-notch stock and country charm to Southwest ColoradoFamily run, generational business dates back to 1940s

BREEN – The family-owned and operated High Country Cattle Auction is “in the bones” of the Cugnini family, said third-generation owner Chris Cugnini. The business was founded by Chris’ grandfather, Pat Cugnini, in the 1940s. Pat then passed the business down to his son, Duane Cugnini, who then turned the business over to daughters, Becky Hawkins and Chris Cugnini, whose daughters plan to take over the family business one day. The auction, which takes place once or twice a month from April to January at 13062 La Plata Highway (Colorado Highway 140) near Breen, attracts ranchers, farmers and those in the cattle industry from far and wide.

Former Durango resident Steve Greenburg has been attending the High Country Cattle auction for more than 40 years, and continues to travel to Breen all the way from Arizona, where he now lives. He attended the September auction last week, where around 1,200 animals were up for sale. Greenburg said effective bidding takes concentration and a practiced hand. “You want to make sure you don’t pay too much,” he said. “And if you do, you want to buy the business.” Amber Belvin, employee of 15 years and Chris’ operations “sidekick,” said bidders are most often looking for signs of good health in an animal, like a plump, filled-out body. If bidding on a herd, a look of uniformity among the animals is key to a good purchase, she said.

Despite Greenburg already having a handful of filled out bidding cards marking the cattle he had won within an hour of the Sept. 23 auction, he said the day was young. One sale day last year culminated in Greenburg taking home 22 semi-trucks worth of cattle, he said. Chris said Greenburg is one of the auction’s longest-term and most generous supporters. “(Greenburg) pays top-dollar,” Chris said. “And (that) makes me feel good, because we’re giving back to (the sellers). I know these people around here, and they’re the hardest working people on the planet. If I can get them 10 or 20 cents more per pound, then that makes us happy.”

Cattle auction prices have gone up in recent years, both at High Country and nationally, Chris said. This year, animals are going for $2,500 to $3,000 a head – double and triple the average prices from last year. The increase, Chris said, is in part because of a screw worm making the rounds in cattle in Mexico, which has lowered the number of cattle coming in from the south, along with people subdividing and selling cattle branches, and local cattle herd numbers diminishing, which has increased demand.

Chris called the price increase “good and bad.” “It’s great if you’re a seller, because there’s prices that you’ve never seen before,” she said. “Older men come in, (and they) can’t believe the prices. Some of them do this for a living, and they count on that, so they’re so happy.” Belvin said some smaller farmers opt to buy less cattle during price surges like this, but echoed Chris’ sentiment about sellers being ecstatic about the unprecedented profit.

Local cattle farmer Lawrence Martinez entered 59 steers and 95 heifers in the auction Tuesday. Martinez has been involved in the High Country Cattle Auction “pretty much forever,” but recent years have been especially fruitful for sales, he said. “These last few years, we’ve been coming here to sell, because this is the place to go,” he said. “I wouldn’t sell anywhere else. (The market here has) been so good.”The auction’s community roots and generational touch doesn’t stop at the Cugnini family: Shane Hatch, the auctioneer, took over the job after his father’s death, Belvin said.

The auction serves as an opportunity for community members to get together and bond, Belvin said. “When we do have an auction, it’s a great place where local farmers and ranchers can get together and talk,” he said. “They come to the cafe, and they talk about the hay, and the drought situation, and I think it’s a good connecting point.” Chris and Belvin both expressed feeling glad the auction can supply so much generational value to the local farming and ranching community. “I mean, what other business can you think of around here that’s the same, right?” Belvin said. “We’re fair, and we’re very meticulous at our jobs. We take it very seriously, because this is (some peoples’) livelihood.”

For the Cugninis – and long-term employees like Belvin, who have become an honorary part of the close-knit High Country Cattle Auction family – the heart of the business aligns with the heart of the local farming and ranching community. “We’re just good, hard working people – Americans – that want to make a good living, and live off this great land,” Belvin said. epond@durangoherald.com

Family run, generational business dates back to 1940s