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-   -   How Much are Boat Registration Fees and Taxes in your State? (https://www.offshoreonly.com/forums/general-boating-discussion/184421-how-much-boat-registration-fees-taxes-your-state.html)

Michael1 04-13-2008 03:49 PM

How Much are Boat Registration Fees and Taxes in your State?
 
Here in California, boat owners are getting raped financially by the state. When you buy a new or used boat, not only do you have to pay sales tax of 7.25% to 8.75%, but you have to pay the prevailing property, too, the same tax assessed to a home (from 1% to 2%). Imagine if you had to pay both taxes to buy a house.

That's not enough for this "tax and spend" state. To make matters worse, you have to pay the property tax, not only on the value of the boat, but the sales tax you paid to buy the boat in the first place. It's a tax on a tax! Your property tax can be jacked up by local initiatives, too, such as school and water district bonds, which have absolutely nothing to do with boating.

Then for good measure, you have to pay another $10 a year for your stickers, soon to go up to $20 in July, because this greedy state has again spent more than they have, and figure they can stick it to boaters.

You can keep your boat out of state for 90 days, and avoid the sales tax, but the greedy Democrats here are up in arms over that, even though a sales tax shouldn't be there in the first place if you have to pay property tax, too. Plus you still have to pay property tax on the sales tax you didn't pay.

$100,000 boat
$1250 property tax
$8250 sales tax (8.25% common here)
$103.13 property tax on sales tax
$40 registration sticker for two years (starting July 1, 2008)

First Year Actual Boat Cost: $109,643.13.

The boat costs almost 10% more just with taxes and fees, plus property tax and registration fees have to be paid every year you own the boat. It is not a one time fee.

Now I see why, even though we have great weather, and lots of boating opportunities from the ocean, delta, lakes, Colorado river and more, yet we rank 42nd lowest per capita in boat registrations in the nation.

What are the boat taxes and fees in your state?

Michael

pshannon 04-13-2008 03:55 PM

I just paid $24 for 2 year registration in Maryland.

Love Machine 04-13-2008 03:58 PM

Here in Maryland it goes like this:

- 5% sales tax
- $2 title fee
- $24 registration fee

TexomaPowerboater 04-13-2008 04:33 PM

I paid no sales tax in OK - and you don't have to as long as you buy a boat older than a 1999 (2000 for 2009). Tx sales tax - around 8% +/- depending on local rates

Registration was $150 for one year. I think its about $60 in TX.

No property taxes on the boat, but RE taxes in TX are pretty high - that $1,250 you paid would be good for a $90,000 home.

No state income tax - RE taxes offset in TX.

iboatfast 04-13-2008 04:37 PM

Wiconsin: 5.5% Sales Tax
Three YR. Renewal $52.00
But we only get 5 mos. of boating.

CAPTAIN CHUCK 04-13-2008 04:38 PM

Anybody know what it is in the wonderful state of Louisiana???:eek:
I know it's not cheap but I am not sure of the exact figures....
Can't wait to drop some serious coin for support of the welfare recipients since I don't contribute enough the rest of the year....:rolleyes::violent-smiley-045::angry-smiley-038:

US1 Fountain 04-13-2008 04:51 PM

Indiana:

Yearly registration,
Just county excise tax and now lake enhancement fee of $25.
$280 for me this yr. No complaints here.



Sales tax is 7%

LapseofReason 04-13-2008 05:00 PM

If you think you have it bad look up Stafford County Va. boat PP taxes.

BDiggity 04-13-2008 05:20 PM

How bout you OKies? Thats where we will register our boat this time.

KNOT-RIGHT 04-13-2008 05:23 PM

No sales tax in RI

So much per foot it is every two years.
400.00 every two years for my 46.


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