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The City of Steamboat has published the preliminary March 2015 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The City of Steamboat has published the preliminary March 2015 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ March sales taxes are 1.81% more than the March 2014 collections, a difference of $43,891.
Only one category reflected a notable increase of 11.86% and that was Utilities. The other categories showed nominal increases of less than 3.5%. Lodging and amenities reflected a slight decrease of 2.12%. Collections by area showed increases of 16.02% for the West Steamboat area and 2.53% for the Highway 40 Corridor while the other areas were relatively flat in comparison with March 2014.
Year to date sales tax collection is showing a positive trend at 5.77% more than year to date through March 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. March collections saw a decrease of 2.41%, or $4,018, less than March 2014. Year to date accommodation tax is 6.14% more than year to date last year.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 1.82% over March 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. March 2015 use tax collections reflected an increase of $96,386 over March 2014. Year to date collections are 212% greater through the same period last year.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.