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The City of Steamboat has published the final December 2012 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The City of Steamboat has published the final December 2012 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ December sales taxes are 5.31% less than the December 2011 collections, a difference of $124,294. Year-to-date through December the City sales tax is up by 1.14%. The City of Steamboat Springs budgeted for a 7.2% decrease for 2012. This means the City will end 2012 approximately 8% above budgeted sales tax revenue.
All areas and categories of the City with the exception of sporting goods showed a decrease in sales tax for December 2012 when compared to December 2011. While utilities showed a significant drop due to the mild weather in December, the majority of the decrease came from lodging and miscellaneous retail. This was simply due to less visitors in December 2012 than there was in December 2011.
Accommodation Tax, which is currently used to fund Haymaker debt payments, saw a decrease of 10.90% compared to the same time period in 2011. Year-to-date accommodation tax collections are down 1.49% through December over 2011.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, collected $138,396 during December of 2012, bringing the total amount collected at the end of December to $1,047,034. This tax began January 1, 2012 and is held separately from the City of Steamboat Springs sales tax.
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. Year-to-date the City has collected $556,177 which is 7.58% more than 2011.
For more information please contact Kim Weber, Finance Director 970-871-8250