The City of Steamboat has published the final October 2015 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The October 2015 Mountain Communities Report is also available. (See the Mountain Communities.)
The City of Steamboat has published the final October 2015 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ October sales taxes are 3.28% more than the October 2014 collections, a difference of $40,949.
When comparing this October to the prior October, the greatest categorical increase was seen in liquor stores at 9.06%. The notable increase in collections by area was a 9.13% increase for the Highway 40 corridor.
Year to date sales tax collection is showing a positive trend at 5.83% more than year to date through October 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. October collections saw an increase of 1.86% compared to October 2014. Year to date accommodation tax is 8.55% more than year to date last year.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 3.28% over October 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. October 2015 use tax collections reflected a decrease of $214,215 compared to October 2014. Year to date collections are 30% lower through the same period last year.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.