Land Use & Zoning

A Colorado county's 'flood plain' designation affects real estate because:

AProperties in flood plains are automatically exempt from property taxes
BFlood insurance may be required, development is restricted, and values may be affected✓ Correct
CFlood plain property cannot be sold to out-of-state buyers
DFlood plain properties qualify for special low-interest mortgages

Explanation

Properties in FEMA-designated flood plains require flood insurance if financing is federally backed, may face development restrictions, and may be subject to special building requirements. Colorado's rivers and spring snowmelt make flood plains a relevant concern.

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