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The City of Steamboat has published the preliminary November 2014 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The City of Steamboat has published the preliminary November 2014 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ November sales taxes are 10.02% more than the November 2013 collections, a difference of $112,238.
Notable categorical increases were 18.35% in lodging and amenities and 12.75% in miscellaneous retail. Collections by area showed increases of 16.98% for the West Steamboat area, 14.09% for the Regional area, and 13.77% for the Mountain area over November 2013.
Year to date sales tax collection is showing a positive trend at 8.74% more than year to date through November 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. November collections saw an increase of 14.09%, or $1,692, more than November 2013. Year to date accommodation tax is 14.86% more than year to date last year.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 10.04% over November 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 8.83% 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. November 2014 showed an increase of $37,651 from November 2013. Year to date collections are 88% over the same period last year.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.