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The City of Steamboat has published the preliminary September 2012 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
The City of Steamboat has published the preliminary September 2012 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ September sales taxes are 2.53% less than September 2011 collections. Year-to-date through September, the City sales tax is up by 1.90%. The City of Steamboat Springs budgeted for a 7.2% decrease for 2012. The only category increase was seen in the Lodging category which was up by 9.08%. All other categories were down from September 2011. Looking at the areas within the City, the Mountain area and the US 40 Corridor both showed increases over September of 2011 with a 9.59% increase at the Mountain and a 2.12% increase on the US 40 Corridor. West Steamboat saw a decrease for the fourth consecutive month amounting to an 8.43% decrease in September.
The September sales tax numbers include sales tax from 3rd quarter returns paid by quarterly sales tax filers. The City has a number of delinquent filers; therefore I anticipate the numbers to improve slightly prior to the release of the final sales tax report around November 15th.
Accommodation Tax, which is currently used to fund Haymaker debt payments, saw an increase of 7.93% for September over 2011. Year-to-date accommodation tax collections are up .55% compared to the same time period in 2011.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, collected $81,119 in September of 2012. This brings the total amount collected at the end of September to $773,861. 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. Year-to-date the City has collected $428,961 which is 38.84% less than the same time frame in 2011. The City is currently on track to meet or exceed the 2012 budged revenue for building use tax.
For more information please contact Kim Weber, Finance Director 970-871-8250.