Cheapest State !
02-03-2006, 06:13 AM
#1
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Cheapest State !
Cheapest state to buy register boat? I think it's SC but EL CHEAPO (thats me) would like to know cheapest state to not pay the MAN! SC Sales Tax caps at $300 bucks and then 1.5 years later you pay personal property tax on its current value (not what u paid) I was told is about 1.5%
Got a state thats cheaper (EL CHEAPO) wants to know!
Got a state thats cheaper (EL CHEAPO) wants to know!
02-03-2006, 07:20 AM
#2
21 and 42 footers
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Re: Cheapest State !
Delaware is high on the lists....
I formed a corp in DL that owns the boat (cost $300-400 first year, around $150 per year after in total expenses) No personal property tax, no sales/use tax. Sticker cost $35.00/yr.
When I was buying and re-selling boats this was by far the best setup for me.
I formed a corp in DL that owns the boat (cost $300-400 first year, around $150 per year after in total expenses) No personal property tax, no sales/use tax. Sticker cost $35.00/yr.
When I was buying and re-selling boats this was by far the best setup for me.
02-03-2006, 08:25 AM
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Location: medellin colombia, pablo escobar's lil town
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Re: Cheapest State !
fl pay for your yearly sticker, mine was 81.00 for a 35 footer, and 6% sales tax at time of purchase (stated purchase price but be reasonable )
)
02-03-2006, 08:45 AM
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Re: Cheapest State !
Arkansas may rank up there too.
If you purchase the boat used there is no sales tax. I purchased mine out of state and didn't pay a dime when I got it here. My tag was somewhere in the area of $50 or so. This is a three year tag that includes the trailer too. The majority of the money for the tag is for the trailer tag. Boat use is something like $7 a year or so.
There is an annual personal property tax to pay on the current value of the boat.
Buck
If you purchase the boat used there is no sales tax. I purchased mine out of state and didn't pay a dime when I got it here. My tag was somewhere in the area of $50 or so. This is a three year tag that includes the trailer too. The majority of the money for the tag is for the trailer tag. Boat use is something like $7 a year or so.
There is an annual personal property tax to pay on the current value of the boat.
Buck
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