LODGING TAX REVENUE

Distribution: General Fund 100%

Source: Visitors and residents in Parker

Collection: In 2003, the citizens of Parker voted to implement a 3% lodging tax on the purchase price for lodging within the Town of Parker.

As a home rule town, Parker collects and administers its own lodging tax. Vendors remit tax to Parker monthly. Taxes collected are remitted to the Town online or through a lockbox by the 20th of the month following collection. The Town uses a number of enforcement tools to collect from delinquent accounts, including taxpayer education, delinquency notices, personal phone contact and visits, audits and liens on tangible personal property.

Trend:

% Change

Year Revenue (YoY)

2018171,330

2019187,354 9.4%

2020127,410 -32.0%

2021210,51865.2%

2022 Projected 202,000-4.0%

2023 Adopted 211,3564.6%

• The Town of Parker has five existing hotels including two that opened in 2020.

• The 2020 revenue reflects the impact of reduced travel due to COVID-19. The 2023 budget reflects a return to pre-pandemic travel since 2021 and full operation of the new hotels.