The City of Steamboat has published the preliminary March 2017 Sales, Use, and Accommodation Tax Report. (See the Full Report
The City of Steamboat has published the preliminary March 2017 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ March sales taxes are 3.16% more compared to the March 2016 collections or an increase of $84,331. Year to date sales tax collection is 2.44% more than year to date through March 2016.
When comparing this March to the prior March, the greatest categorical increases were in marijuana at 20.79% and miscellaneous retail at 8.37%. Notable increases in collections by area were 22.89% for West Steamboat and 15.30% for the regional area which typically includes utility companies or businesses without a fixed retail location in the City.
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. March collections saw an increase of 3.55% compared to March 2016.
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. March 2017 net use tax collections resulted in refunds exceeding collections by $3,429. Year to date net use tax collections are $203,837 compared to $130,311 for the same period last year.
For more information please contact Sue Davies, Budget and Tax Manager.
Sue Davies, Budget and Tax Manager