The City of Steamboat has published the preliminary July 2018 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The
City of Steamboat has published the preliminary July 2018 Sales, Use, and
Accommodation Tax Report. City of Steamboat Springs’ July sales taxes showed a
nominal increase of 1.40% compared to the July 2017 collections or an increase
of $31,689. For the past 5 years, July collections represent about 9% of annual
collections. Year to date sales tax collection is 6.31% more than year to date
through July 2017.
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
reporting.
Accommodation
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. July collections were down 1.03% compared to the same
period last year. Year to date accommodations tax is up 7.65% 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. July net use tax collections total $269,446. Year to
date net use tax collections are down 23% 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!
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Contact:
Sue Davies, Budget and Tax Manager, 970.871.8251 or email