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The City of Steamboat has published the preliminary September 2014 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The City of Steamboat has published the preliminary September 2014 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ September sales taxes are 6.92% more than the September 2013 collections, a difference of $97,554.
Notable categorical increases were 10.22% in miscellaneous retail, 6.28% in restaurants and 5.72% in utilities. Lodging decreased 4.59% from 2013 to 2014 and is likely a function of fewer stays and possibly attributed to how the Labor Day Holiday fell in 2013 vs. 2014. In 2013, the Sunday stay is included in September while in 2014, the Sunday stay falls in August. Collections by area showed increases of 21.33% for the West Steamboat area, 15.49% for the Regional area, and 3.89% for the Highway 40 Corridor area over September 2013.
Year to date sales tax collection is showing a positive trend at 8.23% more than year to date through September 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. September collections saw a decrease of 3.54%, or $1,372, down from September 2013. Year to date accommodation tax is 14.28% more than year to date last year.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 7.25% over September 2013. This tax began January 1, 2012 and is held separately from the City of Steamboat Springs sales tax. Year to date, the Air Service Sales Tax is 8.33% more than year to date through 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. September 2014 showed a decrease of $90,804 from September 2013. However, year to date, collections are 58% over the same period last year.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.