News Flash

City of Steamboat Springs NEWS

Posted on: January 14, 2021

November Final Sales Tax Report

Sale Tax NewsFlash

STEAMBOAT SPRINGS, COLORADO-January 14, 2021-The city has published the Final November 2020 sales, use, and accommodation tax report. The November 2020 sales taxes for the City of Steamboat Springs are 4.49% more compared to the November 2019 collections or an increase of $75,933. For the past 5 years, November collections represent about 6% of annual collections. Year to date sales tax collection is 1.11% less than year to date through November 2019. 

When comparing this November to the same month last year the notable increases in collections by category are in Construction & Home Improvement at 41.26%, Liquor Stores at 24.78%, and Groceries Stores at 16.13% over last November. 

Notable increases in collections by area include an increase of 40.37% for Out of Town and 11.46% for Highway 40 Corridor.

Accommodation Tax is primarily dedicated to local trail projects. A small amount each year is dedicated towards the marketing of these projects and capital improvements at Haymaker. November collections were down 8.08% compared to the same period last year. Year to date accommodations tax is down 10.03% 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. November net use tax collections total $605,713. 

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.

-WeServeTheCity-

Contact
Sue Davies, Budget and Tax Manager, 970.871.8251 or email

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