The City of Steamboat has published the preliminary February 2015 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The City of Steamboat has published the preliminary February 2015 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ February sales taxes are 9.62% more than the February 2014 collections, a difference of $191,167.
Notable categorical increases were 18.38% in lodging and amenities, 9.19% in restaurants and 8.75% in sporting goods. Collections by area showed increases of 15.44% for the Mountain area, 12.43% for the West Steamboat area and 8.44% for the Downtown area over February 2014.
Year to date sales tax collection is showing a positive trend at 7.83% more than year to date through February 2014.
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. February collections saw an increase of 18.55%, or $22,379, more than February 2014. Year to date accommodation tax is 11.9% more than year to date last year.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 9.63% over February 2014. 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. February 2015 reflected a slight decrease of $1,244 from February 2014. Year to date collections are 38% greater through the same period last year.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.