Steamboat Springs reports sales tax revenue was up 2.65% in August
Steamboat Springs saw sales tax collections rise 2.65% in August compared to the same month last year, according to the city’s latest preliminary tax report.
The August report also showed year-to-date sales tax collections are up 4.80% compared to 2022.
Comparing this August to the same month last year, city officials reported notable changes in the miscellaneous retail (up 12.51%), construction and home improvement (down 11.86%) and marijuana (down 11.86%) categories.
Additionally, Steamboat Springs’ accommodation tax was down 2.12% in August compared to August 2022. However, the tax has collected 3.87% more in a year-to-date comparison.
At the same time, the city’s short-term rental tax generated $682,023 in August, bringing year-to-date collections up to more than $7 million.
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