The City of Steamboat has published the final April 2015 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The April 2015 Mountain Communities Report is also available. It will be updated as additional information is received. (See the Mountain Communities.)
The City of Steamboat has published the final April 2015 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ April sales taxes are 9.50% more than the April 2014 collections, a difference of $98,246.
All categories reflected increases this month with the exception of Utilities. Categorical increases were 40.66% in lodging and amenities, 11.08% in sporting goods, 10.51% in liquor stores, 9.94% in restaurants and 9.88% in miscellaneous retail. Notable increases in collections by area were 32.83% for the Mountain area, 9.66% for the Highway 40 Corridor and 8.58% for West Steamboat in comparison with April 2014. This April, Steamboat hosted the U.S. Ski and Snowboard Hall of Fame induction ceremony as well as Skiing History Week the 8th-12th. According to the website www.skiinghistory.org, around 500 people were expected to attend the induction ceremony alone on Saturday, April 11th.
Year to date sales tax collection is showing a positive trend at 6.67% more than year to date through April 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. April collections saw an increase of 40.38%, or $5,722 more than April 2014. Year to date accommodation tax is 7.84% more than year to date last year.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 9.51% over April 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. April 2015 use tax collections reflected a decrease of $15,446 compared to April 2014. Year to date collections are 26% greater through the same period last year.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.