Steamboat Springs’ January sales-tax collections dip by 3.6%
The city has released its initial tax report for January 2025, covering sales, use, accommodation and short-term rental taxes.
Compared to January 2024, sales-tax collections dropped by 3.6% or $172,953.
January has typically accounted for approximately 12.85% of the annual tax collections based on city data from the last five years.
The report showed notable shifts in several tax categories compared to last January. Utilities saw an increase of 4.19%, while miscellaneous retail grew by 2.95%. Grocery stores, however, experienced a decline of 11.29%.
Accommodation tax collections, which are earmarked for specific community enhancements, also showed a downturn. This tax is used to maintain and improve amenities that bolster community identity, environmental sustainability and economic vitality in Steamboat Springs. The tax also funds the acquisition of real estate for parks, recreation and open spaces, as well as the preservation of the city’s natural resources. January collections for this tax decreased 6.04% compared to the same month last year.
For the full preliminary tax report, visit https://www.steamboatsprings.net.
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