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The City of Steamboat has published the final June 2016 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The June 2016 Mountain Communities Report is also available. (See the Mountain Communities.)
The City of Steamboat has published the preliminary June 2016 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ June sales taxes were 9.05% higher compared to June 2015 collections.
When comparing this June to the prior June, the greatest categorical increases were in Sporting Goods at 22.46% and Marijuana at 17.37%. Notable increases in collections by area were an increase of 13.21% for the Highway 40 Corridor and 8.06% for Downtown.
Year to date sales tax collection is showing a positive trend at 6.76% more than through the same time frame last year.
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. June collections saw an increase of 9.04% compared to June 2015.
The Local Marketing District Air Service Sales Tax collections, with a rate of .25%, were 9.05% higher compared to June 2015. 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. June use tax collections reflected an increase of $56,455 compared to the same period last year. Year to date building use tax collection is 7% more compared to year to date last year.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.