Belmar is a new “village” built on the site of an old 60s style megamall, for $750 million if I recall. It’s a nice concept, I live in nearby Golden which is an actual village.
The fee is for public works, so should be considered a tax. But there is a grey area. My condo association charges for snow removal as part of HOA dues, a fee; non deductible. However in many locations, snow removal is included in local property taxes and IS deductible. Garbage collection falls in the same grey area.
So this is like an HOA fee charged on a sales transaction.
In any event, the cost of Belmar just went up 2.5%. Shame, there are some nice restaurants there.
nearby Golden
“Where the West Lives!”
And pretty wild on a Friday nite at the Buffalo Rose.
Actually the tax cost went up 14%
Ok, wait, let me try this again - local sales tax 5.6%, combined
So, a $1 product costs $1.056
With the FEE, the product costs $1.025, all of which is taxed (a tax on a tax - welcome to the smoker’s world), for a total cost of $1.0824
Actually, a 47% increase in sales taxes, disguised a a fee.