Marijuana, lodging see biggest bump in August city sales tax collections
City of Steamboat August sales tax collection up almost 10% over last year
STEAMBOAT SPRINGS — Steamboat Springs city sales and use tax collection in August saw a sizable increase over last year, according to a report released by the city.
The city took in just over $2 million in May, representing a 9.02% increase from 2018. The largest increases during the month were seen in the miscellaneous retail, marijuana and lodging sectors. Construction was the only category to see a decrease, of 1.21%.
Collections in August represent 8% of the city’s annual total collections. From January to August 2019, the city collected $18.6 million in sales taxes, an increase of nearly 8% compared to the same period last year.
A breakdown of the sales tax in Steamboat Springs.
- City of Steamboat Springs sales tax: 4%
- School tax: .5%
- State of Colorado: 2.9%
- Routt County: 1%
Total combined tax rate: 8.4%
Two geographical areas where sales taxes are collected that showed a notable increase in August included the regional Steamboat area, taking in 18.85% of the collected taxes, and 10% from West Steamboat.
To reach Bryce Martin, call 970-871-4206 or email bmartin@SteamboatPilot.com.
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