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The City of Steamboat has published the final October 2018 Sales, Use, and Accommodation Tax Report. (See the Full Report.) The October 2018 Mountain Communities Report is also available. (See the Full Report.)
The City of Steamboat has
published the final October 2018 Sales, Use, and Accommodation Tax Report. City
of Steamboat Springs’ October sales taxes are 4.86% more compared to the October
2017 collections or an increase of $72,919. For the past 5 years, October
collections represent about 6% of annual collections. Year to date sales tax collection
is 6.03% more than year to date through October 2017.
When comparing this
October to the same month last year, the greatest categorical increases were in
Miscellaneous Retail at 14.48% and Lodging and Amenities at 7.85%. Notable
increases in collections by area were 10.38% for the West Steamboat area and 7.24%
for the Mountain area.
Accommodation Tax is
primarily dedicated to local trail projects since the Yampa Street improvements
portion of referendum 2A was completed last year. A small amount each year is
dedicated towards the marketing of these projects and capital improvements at
Haymaker. October collections were up 8.43% compared to the same period last year.
Year to date accommodations tax is up 9.11% compared to the same period last year.
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 net use tax collections total $114,278. Year
to date net use tax collections are down 26% through the same period last year
due to larger project deposits collected in the prior year.
The city’s Tax Division strives to provide superior services. General tax information and staff contacts can be found on the Municipal Tax page. The webpage provides an efficient way for customers to access information on sales tax rates, online sales tax filing, construction use tax, excise tax on construction, vehicle use tax, and links to documents, reports and the sales tax code. We invite you to visit our webpage!
Sue Davies, Budget and Tax Manager, 970.871.8251 or email