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The original item was published from 12/22/2021 9:45:00 AM to 12/22/2021 9:55:02 AM.

News Flash

City of Steamboat Springs NEWS

Posted on: December 15, 2021

[ARCHIVED] October Final Sales Tax Report

Sales Tax NewsFlash

STEAMBOAT SPRINGS, COLORADO-December 15, 2021-The city has published the Final October 2021 sales, use, and accommodation tax report. The October 2021 sales taxes for the City of Steamboat Springs are 7.70% higher compared to the October 2020 collections or an increase of $162,222. 

Last October’s numbers did include a tax on sale of business collection that skewed the numbers higher than they typically are for the month of October. For the past 5 years, October collections represent about 6% of annual collections. Year to date sales tax collection is 22.12% more than year to date through October 2020.

When comparing this October to the same month last year there were notable increases in collections by category in lodging & amenities, restaurants, and utilities. Increases in collections by area were seen across most geographical areas. 

Accommodation Tax is primarily dedicated to local trail projects. A small amount each year is dedicated towards the marketing of these projects and capital improvements at Haymaker. October collections were up substantially compared to the same period last year. Year to date accommodations tax is up 32.02% 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 reconciliations completed, and the size and number of developments in the City. October net use tax collections total $432,546. Year to date net use tax collections is up 173% through 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 & Tax Manager, 970.871.8251 or email

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