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The City of Steamboat has published the final November 2015 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The November 2015 Mountain Communities Report is also available. (See the Mountain Communities.)
The City of Steamboat has published the final November 2015 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ November sales taxes are 0.25% less than the November 2014 collections, a difference of $3,182.
When comparing this November to the prior November, the greatest categorical increases are in lodging and amenities at 9.23% and liquor stores at 5.99%. The notable increase in collections by area was a 4.37% increase for the Highway 40 corridor.
Year to date sales tax collection is showing a positive trend at 5.53% more than year to date through November 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. November collections saw an increase of 2.67% compared to November 2014. Year to date accommodation tax is 8.50% more than year to date last year.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw a slight decrease of 0.23% compared to November 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. November 2015 use tax collections reflected a decrease of $12,083 compared to November 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.