Sales tax revenue up through Eagle County in ’08 |

Sales tax revenue up through Eagle County in ’08

Economic Council of Eagle CountySales tax figures for Eagle County

EAGLE COUNTY, Colorado “-More sales tax revenue was collected in Eagle County, Colorado in 2008 than 2007. 2008 sales tax revenue in Eagle County was up 1.5 percent from the previous year. The towns and the county collected $47.65 million in 2008 compared with $46.95 million in 2007.

Minturn was the only town in Eagle County to issue more building permits in 2008 than 2007. The town had a 17 percent increase in building permits. Vail issued the same number of building permits in 2008 and 2007. The county and the town of Eagle both had drops in the number of permits it issued. County permits dropped six percent and Eagle permits were down 47 percent.

Fewer Eagle County properties changed hands in 2008 compared to the previous year. The 1,606 transactions in 2008 was 40 percent fewer than 2007. Some expensive sales made for a smaller drop in the value of the real estate sold in 2008, which was down 25 percent. Vail had the most transactions and Beaver Creek, Bachelor Gulch and Mountain Star had the highest average sale price at $2.5 million. The 2008 average sale price for a piece of real estate in the county was $2.5 million.

About 30,000 fewer people flew out of the Eagle County airport in 2008 compared to 2007, a 7.6 percent drop.

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