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The original item was published from 9/1/2022 2:19:15 PM to 9/12/2022 12:00:03 AM.

News Flash

City of Steamboat Springs NEWS

Posted on: September 1, 2022

[ARCHIVED] July Preliminary Sales Tax Report

Sales Tax March 2019 Final NewsFlash

STEAMBOAT SPRINGS, COLORADO-September 1, 2022-The city has published the preliminary July 2022 sales, use, and accommodation tax report. The July 2022 sales taxes for the City of Steamboat Springs are 5.57% higher compared to the July 2021 collections or an increase of $173,812. 

Year-to-date sales tax collection is 22.60% more than year to date through the same period last year. For the past 5 years, July collections represent about 9% of annual collections. 

When comparing this July to the same month last year the notable increases in collections by category are in construction & home improvement at 46.88% and utilities at 16.26% over last July. The out-of-town area is up due to an increase in vendors that are in the construction and miscellaneous retail industries that are engaged in business in our jurisdiction.

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. July collections saw a decrease of 9.39% compared to the same period last year. Year-to-date accommodation tax collection is 39.19% more than 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. July net use tax collections total $232,020. Year to date net use tax collections is up 38% 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, the 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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