A Steamboat Springs Chamber of Commerce economic study by RRC Associates helped the Chamber analyze a proposed short-term rental (STR) tax proposal. The study shows that the 9% proposed tax would decrease demand for STRs by 3.6%, instead of 10% as the group opposing the STR tax has asserted.
If the 9% tax were to pass, Steamboat would have the third-highest tax rate on STRs out of the 32 reviewed communities.
“There’s a lot of conversation throughout the past year of what it may look like, and it was helpful to have some data points pulled together by a third party to help analyze the proposed STR tax,” said Steamboat Springs Chamber CEO Kara Stoller.
RRC conducts economic research in ski communities throughout the US.