News Flash Home
The original item was published from 2/18/2020 3:10:40 PM to 2/18/2020 3:14:46 PM.

News Flash

City of Steamboat Springs NEWS

Posted on: February 18, 2020

[ARCHIVED] December 2019 Final Sales Tax Report

Sales Tax - Dec 2019 Final

STEAMBOAT SPRINGS, COLORADO-February 18, 2020-The City of Steamboat Springs has published the Final December 2019 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ December 2019 sales tax collections are 3.97% more compared to the December 2018 collections or an increase of $136,323. For the past 5 years, December collections represent about 13% of annual collections. Year to date sales tax collection is 7.59% more than year to date through December 2018.

When comparing this December to the same month last year, the greatest categorical increases were in construction & home improvement at 22.35%, and miscellaneous retail at 9.56%. Notable increases in collections by area were 12.48% for the regional area and 4.25% for downtown.

Accommodation Tax is primarily dedicated to local trail projects since the Yampa Street improvements portion of referendum 2A was completed last year. A small amount each year is dedicated towards the marketing of these projects and capital improvements at Haymaker. December collections reflected a modest increase of 0.97% compared to the same period last year. Year to date accommodations tax is up 12.58% compared to the same period last year.

Building Use Tax is used to fund capital projects for the City of Steamboat Springs.  This tax fluctuates depending on building permits issued, use tax audits completed, and the size and number of developments in the City. December net use tax collections total $100,141. Year to date net use tax collections total $2,500,105 which is 37% higher compared to the same period last year.

The city’s Tax Division strives to provide superior services. General tax information and staff contacts can be found on the Municipal Tax page. The webpage provides an efficient way for customers to access information on sales tax rates, online sales tax filing, construction use tax, excise tax on construction, vehicle use tax, and links to documents, reports and the sales tax code.

-WeServeTheCity-

Contact
Sue Davies, Budget and Tax Manager, 970.871.8251 or email

View Full Report
Facebook Twitter Email

Other News in City of Steamboat Springs NEWS