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The original item was published from 4/4/2022 3:45:00 PM to 4/15/2022 5:53:53 PM.

News Flash

City of Steamboat Springs NEWS

Posted on: April 4, 2022

[ARCHIVED] February Preliminary Sales Tax Report

Sales Tax Construction Sept NewsFlash

STEAMBOAT SPRINGS, COLORADO-April 4, 2022-The city has published the preliminary February 2022 sales, use, and accommodation tax report. The February 2022 sales taxes for the City of Steamboat Springs are 36.40% higher compared to the February 2021 collections or an increase of $1,064,825. Year-to-date sales tax collection is 36.13% more than year to date through the same period last year. For the past 5 years, February collections represent about 10% of annual collections. 

When comparing this February to the same month last year the notable increases in collections by category are in construction & home improvement at 97.37%, lodging & amenities at 58.90%, and restaurants at 42.67% over last February. Increases in collections by area were seen across most geographical areas on which we report data. 

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. February collections were up 61.05% 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. February net use tax collections total $34,933. 

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, the 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

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