May Final Sales Tax Report for Steamboat Springs

STEAMBOAT SPRINGS, COLORADO-July 16, 2018-The City of Steamboat has published the final
May 2018 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ May sales taxes
are 12.59% more compared to the May 2017 collections or an increase of $161,249. For the past 5
years, May collections represent about 5% of annual collections. Year to date sales tax collection is
7.28% more than year to date through May 2017.
When comparing this May to the same month last year, the greatest categorical increases were in
Sporting Goods at 23.57% and Lodging and Amenities at 21.58%. Notable increases in collections by
area were 29.25% for the Regional area and 11.68% for the Downtown area.
Accommodation Tax is now 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. May
collections were up 21.32% 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. May net use tax collections total $208,484. Year to date net use tax
collections are down 43% through the same period last year due to larger project deposits collected in
the prior year.
In an effort to improve customer service, the tax division unveiled a new Municipal Tax landing page
that went live with the new city website. 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 new webpage!


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