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Originally Posted by blownzr1
(Post 4526249)
when I say taxes that's personal property tax...as in $1100 a year, every year.thats not sales tax
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your right
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No personal property on watercraft tax in Virgina Beach.
And yes, understood in regard to sales tax.... rather minimal in Virginia (at least from the cheap seats that I play from :) ). |
I have bought two boats that were uscg documented in other states. It was zero issue to register them in indiana and get a title and no uscg documents. Had a friend buy a formula from mo and it was way more work to try and keep it documentsled than just get a title for indiana And do it the normal registration way.
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Two issues and for the most part you can let it laps. Then you can try to get a title to it from a state but wonder if you won't run into an issue. Once documented the state title is no longer valid. If later a title is provided by another state is it actually valid. As example, in KY if the title can not be determined where or who has it, one must certify that they have had the boat for at least 7 years. This 7 years can be signed off by different individuals.
If later its determined to be falsified (intentionally) there is an issue. Mine is documented and the only issue is I have to fill out a paper every year stating what I think its current value is. The paper is used to pay property taxes. The taxes are only slightly less then if it was just registered. Several years back KY use to be tax on documented boats, by the Fire Chief in Anchorage KY changed all that |
Originally Posted by 33outlawsst
(Post 4525770)
In MO. theres no PP tax on a documented boat, dont know about sales tax
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Maybe I misunderstood what Eddie was telling me, I cant find his post, thanks ^^^^
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from the site
https://www.uscg.mil/nvdc/instr/inst%20initial.pdf here is a good explanation of it with a couple links as well http://blog.boattrader.com/2012/09/b...mentation.html |
Some boat mortgage lenders require USCG documentation.
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