The town of Snowmass Village released its sales tax data for the month of July last week, and the numbers show that the town’s strong 2019 is continuing, with tax revenue up 10.13 percent, to $156,973.50, compared to the same month in 2018.
According to the latest figures, the increase came from all sectors except utilities/telecommunications, which fell 28.88 percent to $9,607.62, and special events, which was down 95.03 percent. That number may seem large, but in real terms the drop was only from $219.91 to $10.93 from 2018 to 2019.
Lodging rose 10.66 percent, or $5,786.31, to $60,072.64. Restaurant collections were up 2.81 percent, to $29,385.96. General retail was up 67.76 percent, generating $14,176.76 in sales tax for the month. Retail-construction related collections rose 3.58 percent, to $10,881.06. The miscellaneous category more than doubled, with sales tax collections rising to $1,801.76, a leap of 141.44 percent. E-commerce was up 12.91 percent, to $4,967.74. The food/drug/liquor store category rose 19.51 percent, to $19,696.32, and sports equipment/clothing was up 18.90 percent, to $6,372.71.
Collections of the lodging tax for the month totaled $134,605.68, up $8,553.18 from July 2018. That figure represents a 6.79 percent increase, slightly down from June’s 7.22 percent increase and well below the rates seen in March, April and May, which experienced 31.24, 29.28 and 69.43 percent increases, respectively.
The one sour note in the latest figures was real estate transfer tax collections, which saw a significant drop from July 2018, falling 64.79 percent to $224,643, a decrease of $413.279.10. The town collects a RETT of 1 percent on real estate sales, a tax that has been in place since 1986, though it began as one-half of 1 percent.
The excise tax fund, which homeowners can use in certain free-market neighborhoods to buy additional square footage beyond what is allowed by their underlying zoning, saw no contributions in July. During the same month in 2018, the fund generated $33,279.84.
Snowmass’ excise tax was approved by voters in 1999 and enacted in 2000. In 2008, the tax, which helps support the affordable housing fund, was reauthorized in perpetuity.