Calif boat taxed twice
Printed From: CorrectCraftFan.com
Category: General Correct Craft Discussion
Forum Name: Off Topic
Forum Discription: Anything non-Correct Craft
URL: http://www.CorrectCraftFan.com/forum/forum_posts.asp?TID=40485
Printed Date: December-24-2024 at 11:11am
Topic: Calif boat taxed twice
Posted By: JD ski
Subject: Calif boat taxed twice
Date Posted: February-01-2017 at 9:43pm
|
Yesterday I received a letter in the mail from my local Lassen County Tax Assessor. He wanted to know how much I paid for my boat and the date of purchase all on official state tax forms. The form was two sided and had lots of questions, length, HP, condition, business use or personal, living quarters, and such. The only parts highlighted were amount of money, date of purchase, use and sign. I already registered the boat with the Department of Motor Vehicles (DMV)and paid taxes on the purchase price for boat and trailer. So, today I filled out the form and walked into the County Tax Assessors Office. I informed them I was unfamiliar with this form and so were all my local boating friends, but assumed I was going to be taxed again. The did not refer to it as a luxury tax but that is what it is. It was referred to as a personal property tax. I was informed that DMV informs the tax collector of all transactions and the Tax Collector decides to make the bar at boats that sell above $5000 will be assessed about a 1% tax on the purchase price for the boat excluding the trailer. This results in my 17 year old boat being taxed twice on the purchase price. Once for transfer of ownership and Calif License and once for personal property over $5000 that the Tax Assessor knows about.    ------------- JD ski, slicing, dicing, and shredding since 1981 1999 Air Nautique, GT40 Pro Boss, Trail Rite trailer 1975 Century Resorter |
Replies:
Posted By: Orlando76
Date Posted: February-01-2017 at 10:35pm
|
Not uncommon. ------------- Please support The Cystic Fibrosis Foundation 1976 Ski Nautique 351 Escort 1993 Ski Nautique purple and black 351 HO PCM |
Posted By: Air206
Date Posted: February-01-2017 at 11:17pm
Welcome to my world too.....just wait till your assessors begin including computers and appliances in the home or office over a set value. That is our personal property tax. It is a luxury to live where we do!  ------------- https://tinyurl.com/y6t5e3bu" rel="nofollow - 04 Air206 http://tinyurl.com/9urzgls" rel="nofollow - 91 Barefoot 78 SkiTiq |
Orlando76 wrote:Posted By: JD ski
Date Posted: February-02-2017 at 12:02am
|
I had never heard of the personal property tax, Calif is taxed to the hilt. Although, a neighbor informed me to hide my tractor. On our un-gated private road, somehow a county employee saw his tractor used to plow snow off of our road and turned the address into the County Assessor and then he was taxed on it. As my tractor is only used on private property DMV is not involved. ------------- JD ski, slicing, dicing, and shredding since 1981 1999 Air Nautique, GT40 Pro Boss, Trail Rite trailer 1975 Century Resorter |
Posted By: Gary S
Date Posted: February-02-2017 at 12:39am
They repealed the Illinois personal property tax back in 1970. I remember it being one of my dads hot buttons. Just think of your tax money to the tune of 221 million was earmarked to people who would rather see us dead  ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1711&sort=&pagenum=1&yrstart=1966&yrend=1970" rel="nofollow - 69 Mustang HM SS 95 Nautique Super Sport |
Posted By: MourningWood
Date Posted: February-02-2017 at 12:50am
And in case you don't already know......Bonus! California Personal Property Tax is an annual tax. You get to pay it again and again....... |
Posted By: JD ski
Date Posted: February-02-2017 at 2:23am
I make huge efforts to avoid politics on this site. There is a reason I live in Far North Eastern California. The natural resources and open land is amassing. People are hard working and do not vote the way California is known for voting. Northern California and Southern Oregon have been trying to separate from their individual states to create one state almost as long as the two states have existed. This large chunk of land populated mainly with communities with under 100,000 people. Does not receive representation. ------------- JD ski, slicing, dicing, and shredding since 1981 1999 Air Nautique, GT40 Pro Boss, Trail Rite trailer 1975 Century Resorter |
Posted By: JD ski
Date Posted: February-02-2017 at 2:29am
Hay thanks, I did not know that and while I was in their office I was not informed of that . still whining. There is a lot of stuff they are not going to find out about.------------- JD ski, slicing, dicing, and shredding since 1981 1999 Air Nautique, GT40 Pro Boss, Trail Rite trailer 1975 Century Resorter |
Posted By: bkhallpass
Date Posted: February-02-2017 at 2:39pm
|
Personal property tax is every year, and I was not aware of any 5K limitation. I pay it every year on my 82 Nautique, which isn't worth 5K. The California Constitution (Section XIII, Article 1) provides that all tangible property is taxable unless it is otherwise exempted by the Constitution or by the legislature. Household personal property was exempted in the 1950's, but privately-owned boats are still to property tax. I'm not sure if still true. The Tax used to be assessed against the legal owner on Jan 1. So, if you bought the boat after that, the previous owner would be on the hook for the previous year's tax. BKH ------------- Livin' the Dream |
Posted By: Riley
Date Posted: February-02-2017 at 3:56pm
| In Maine it's called excise tax and you pay each year when you register. If you don't register, you don't pay. |
Posted By: TRBenj
Date Posted: February-02-2017 at 4:04pm
|
Sounds like a good deal... if you're a boat dealer and don't have to register your inventory. No property tax on boats in CT (they do hit us for all trailers and cars)... there's been discussion of eliminating that loophole. Hope it never happens. |
Posted By: Donald80SN
Date Posted: February-02-2017 at 4:32pm
In late December, here in North Carolina, I get a letter each year from my county, that ask me to list any boats, trailers , utility trailers, Campers, Air Planes, etc., that I have purchased the previous year. It is like an affidavit and when you sign it you are telling them you have no other items, It is due in on January 31 ST or you will have to pay a penalty. Then latter we get a tax bill for it from the county. We pay tax on our cars each year as a part of our tag renew. We have NC Wildlife Registrations for the boat and the county see those records so they know you have a boat and send the bill. We put tags on our boat trailers ( Not Reid  ), and this is how the county finds out about the boat trailers. Some say we are not paying or fair share. ------------- 1980 Ski Nautique SOLD Back to Cypress Gardens 2002 Sport Nautique, GT-40, FCT2, Cover Sports, Tower Bimini, Inc., Wet Sounds Audio System, Star Gazer Wake Edition S. 1968 Ski Nautique, Project. |
Posted By: Riley
Date Posted: February-02-2017 at 4:40pm
I can see them taxing you when you register, but seems like it ought to be nobody's business, but your own on what you spend your money on. |
Posted By: JoeinNY
Date Posted: February-02-2017 at 4:46pm
|
Virginia is still trying to bill me over a grand a year for a 1998 s10, and a 1970 jeep universal that I never registered again in another state after having registering them in Virginia back in 2001 or so… They didn’t understand when I told them lifted trucks weren’t any good in the snow and so I had to sell them. I could prove that I moved but couldn’t prove that I no longer garage my vehicles in Virginia. If I ever end up being carted away for tax evasion that will be why… I can’t even imagine what they think I own them by now with fees and interest attached. No wonder Steve and Val gave me such a great deal on sweet ride, holding on to occasional used vehicles in VA gets to be an expensive hobby. California has low rates compared to much of the south, NY doesn’t have any although our real estate taxes make up for it. From an economics standpoint (mine and the country) I’d like to see all property taxes abolished in favor of income taxes and inheritance taxes – but the ultra rich have much better lobbyists than the middle class so we have had 35 years of things moving the other way. ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1477 - 1983 Ski Nautique 2001 1967 Mustang 302 "Decoy" http://www.youtube.com/watch?v=cO5MkcBXBBs - Holeshot Video |
Posted By: rebel skier
Date Posted: February-02-2017 at 6:34pm
|
It would be real hard to leave a low tax, no income tax, no personal property state like TN that does not have all that crap and go to a state like some of y'all describe. Wow. |
Posted By: GlassSeeker
Date Posted: February-18-2017 at 4:29pm
|
On private transactions there are no legal records kept so on old boats you never "pay" more than $1000 for that fixer upper. Say you got a pick up truck California will consider it a commercial vehicle no matter you only haul your boat and camping gear around...Well if you install... Permanently...A shell and go argue with DMV they will change it to passenger vehicle...So it goes from $700 a year to $150 ------------- This is the life |
Posted By: JD ski
Date Posted: February-18-2017 at 7:20pm
|
That works until you realize the previous owner wrote the transaction price on the DMV paper work. ------------- JD ski, slicing, dicing, and shredding since 1981 1999 Air Nautique, GT40 Pro Boss, Trail Rite trailer 1975 Century Resorter |