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The City of Steamboat has published the preliminary August 2018 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
City of Steamboat has published the preliminary August 2018 Sales, Use, and
Accommodation Tax Report. City of Steamboat Springs’ August sales taxes are
3.36% more compared to the August 2017 collections or an increase of $65,217. For
the past 5 years, August collections represent about 8% of annual collections. Year
to date sales tax collection is 6.20% more than year to date through August
this August to the same month last year, the greatest categorical increases
were in Restaurants at 8.09% and Sporting Goods at 4.54%. Notable increases in collections
by area were 17.62% for the Regional area and 6.91% for the Downtown area. Sales
tax categories now include two new business sectors, “Construction & Home
Improvement” and “Grocery Stores & Other Food Sellers”. These sectors were
carved out of the “Miscellaneous Retail” category to provide more specific
Tax is now 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. August collections were up 3.69% compared to the same
period last year. Year to date accommodations tax is up 8.29% compared to the
same period last year.
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. August net use tax collections total $215,743. Year
to date net use tax collections are down 15% through the same period last year
due to larger project deposits collected in the prior year.
In an effort to improve customer
service, the tax division unveiled a new Municipal Tax landing page that went
live with the new city website. 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. We
invite you to visit our new webpage!
Sue Davies, Budget and Tax Manager,
970.871.8251 or email