is anyone avoiding paying property tax in va on their boat
#2
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From: Charlotte, NC
I would think if you purchased out of state then USCG document and not keep your boat in a marina or dry storage you might be able to avoid PP Tax. In NC each marina and or storage facility must submit an inventory and list of owners and that's how the county catches those that didn't register or pay PP tax.
#3
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From: East Greenwich, RI
#6
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I know a guy that registered his Viking sportfish in SC for $300 and avoided about $60,000 in Florida sales tax. Florida has since reworked their sales tax so you only pay 6% on the first 300K of the purchase (max sales tax is $18,000).
#7
The tax is a county thing and as stated some counties have reduced/eliminated it but nearly every county requires storage facilities to provide inventory lists. Years ago I had expensive boats and opened a Delaware LLC that cost alot less than the PP tax in my county. I've also listed a boat in a locality that wasn't where the boat was actually stored since their tax rate was much less than mine. The boat I have today is fairly cheap so it's listed at my home address (where it stays in a garage).
Lynchburg lists a $3.80/hundred tax rate and if they claim your boat is worth $35K then the tax would be $1,330. A DL corp was about $300/yr awhile back. (That boat had DL numbers instead of VA numbers)......you could claim the boat is in Stafford???
Lynchburg lists a $3.80/hundred tax rate and if they claim your boat is worth $35K then the tax would be $1,330. A DL corp was about $300/yr awhile back. (That boat had DL numbers instead of VA numbers)......you could claim the boat is in Stafford???
Last edited by t500hps; 10-13-2016 at 07:28 AM.
#8
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From: Port Colborne ON Canada
Let me get this straight.
In some US States and some counties in those states, you have to pay Property Tax on a "vehicle" which is what a boat and trailer are. Really? Wow, I thought we paid a ton of tax up here in Ontario but at least we only pay it once on the purchase price of the vehicle you are registering.
Thats a crazy system you guys have down there for sure.
In some US States and some counties in those states, you have to pay Property Tax on a "vehicle" which is what a boat and trailer are. Really? Wow, I thought we paid a ton of tax up here in Ontario but at least we only pay it once on the purchase price of the vehicle you are registering.
Thats a crazy system you guys have down there for sure.
#9
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Let me get this straight.
In some US States and some counties in those states, you have to pay Property Tax on a "vehicle" which is what a boat and trailer are. Really? Wow, I thought we paid a ton of tax up here in Ontario but at least we only pay it once on the purchase price of the vehicle you are registering.
Thats a crazy system you guys have down there for sure.
In some US States and some counties in those states, you have to pay Property Tax on a "vehicle" which is what a boat and trailer are. Really? Wow, I thought we paid a ton of tax up here in Ontario but at least we only pay it once on the purchase price of the vehicle you are registering.
Thats a crazy system you guys have down there for sure.
#10
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From: naples,florida
Let me get this straight.
In some US States and some counties in those states, you have to pay Property Tax on a "vehicle" which is what a boat and trailer are. Really? Wow, I thought we paid a ton of tax up here in Ontario but at least we only pay it once on the purchase price of the vehicle you are registering.
Thats a crazy system you guys have down there for sure.
In some US States and some counties in those states, you have to pay Property Tax on a "vehicle" which is what a boat and trailer are. Really? Wow, I thought we paid a ton of tax up here in Ontario but at least we only pay it once on the purchase price of the vehicle you are registering.
Thats a crazy system you guys have down there for sure.
Had a new buddy that I met in Florida after he had moved from Virginia. He had a bunch of cool toys and he got to talking about all the personal property taxes he had to pay on them in Virginia.
I was floored, what is soo great about Virginia that they tax you every year on your toys.
Than again I have been back in the great state of Michigan and hear what people are paying for their house taxes, about 4 times the rate that I pay in Florida.


