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The original item was published from 5/15/2014 3:32:47 PM to 7/1/2014 12:05:01 AM.

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Sales Tax Reports

Posted on: May 15, 2014

[ARCHIVED] March 2014 Final Sales Tax Report

The City of Steamboat has published the final March 2014 Sales, Use, and Accommodation Tax Report. (See the Full Report.)

The March 2014 Mountain Communities Report is also available. (See the Mountain Communities.)

The City of Steamboat has published the final March 2014 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ March sales taxes are 7.31% more than the March 2013 collections, a difference of $163,911. Notable increases by business category include a 9.67% increase in restaurants, a 9.47% increase in lodging and amenities and followed closely by a 9.46% increase in miscellaneous retail.

Collections by area reflect increases across the board. Highlights include increases of 12.90% for the West Steamboat area, 11.01% for Regional, 7.87% for the Mountain area and 7.25% for the Downtown area over March 2013.

Year to date sales tax collection is showing a positive trend at 6.31% more than year to date through March 2013.

Accommodation Tax, with the passing of referendum 2A, is now primarily dedicated to local trail projects and Yampa Street improvements. Additionally, a small amount is dedicated towards the marketing of these projects and capital improvements at Haymaker. March collections saw an increase of 10.49%, or $15,654, over March 2013.

The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 7.56% over March 2013. 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. March 2014 showed an increase of $986 over March 2013.

For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.

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