Vessel property statement

« **on:** March 20, 2015, 01:42:22 AM »

Anybody ever heard of this? I'm new to owning a boat. well actually I got my own first boat last year and today I got a letter in mail about vessel property statement. Something about taxes. Any of you felt with this before? Is this like renewing the tags or something?

« **Reply #1 on:** March 20, 2015, 01:54:34 AM »

I got one as well this year after buying my boat new last year. Basically you have to pay luxury property taxes on boats every single year

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« **Reply #2 on:** March 20, 2015, 08:07:53 AM »

Are both if your boats registered in Ca.

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« **Reply #3 on:** March 20, 2015, 08:09:36 AM »

Are both of your boats registered in Ca.

Sorry dam auto spell .

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« **Reply #4 on:** March 20, 2015, 08:28:17 AM »

Don't boats depreciate 99% after the first year and then climb back up in value at time of resale?

« **Reply #5 on:** March 20, 2015, 09:25:46 AM »

Ya mine is registered on California. So i gotta pay for what again?

« **Reply #6 on:** March 20, 2015, 09:58:01 AM »

Quote from: dat1dsm on March 20, 2015, 09:25:46 AM

Ya mine is registered on California. So i gotta pay for what again?

California has a state luxury tax. A boat is a luxury in the state of California. So you have to pay taxes on your boat every year

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« **Reply #7 on:** March 20, 2015, 09:59:03 AM »

Do you know how or what they base their price on?

« **Reply #8 on:** March 20, 2015, 10:02:59 AM »

Yup that's it"" my float is registered in Az. As a non resident. Just to avoid being jammed by ca high luxury tax"

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« **Reply #9 on:** March 20, 2015, 10:08:48 AM »

They base it off of the purchase price of the item. In this case it's the price that you payed for the boat.

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« **Reply #10 on:** March 20, 2015, 11:02:16 AM »

Quote from: Mrblueeyesnick on March 20, 2015, 09:58:01 AM

California has a state luxury tax. A boat is a luxury in the state of California. So you have to pay taxes on your boat every year

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Yup even jet skis, had to pay it on my standups.

« **Reply #11 on:** March 20, 2015, 11:04:32 AM »

The only way I have found to get around it is if the vessel is gifted to you. I got my grandfathers boat after he died, it was gifted to me and I never had to pay luxury tax

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« **Reply #12 on:** March 20, 2015, 11:05:19 AM »

Well how would they know how much I paid for it? Or how can I proven it was gifted

« **Reply #13 on:** March 20, 2015, 12:04:33 PM »

Quote from: dat1dsm on March 20, 2015, 11:05:19 AM

Well how would they know how much I paid for it? Or how can I proven it was gifted

They get the pice when you register it. Filling out the pink slip there's a area that ask purchase price. That's where you'd also put gift. In riverside county once the boat value gets to a certain dollar amount you no longer have to pay the tax, also the tax should go down every year. Gooooo Cali! 👎

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« **Reply #14 on:** March 20, 2015, 12:34:47 PM »

Ok cool. I think I had put like $300 or so since it was just the hull. And do I go to dmv and do this or do I send it the the adress the envelope came in which is my county's assessor recorder?

« **Reply #15 on:** March 20, 2015, 12:51:39 PM »

I would think send it to the county assessor. Thats where we send ours.

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« **Reply #16 on:** March 20, 2015, 01:00:20 PM »

I would send it to what the envelop says. By. The way how is my uncles old boat doing

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« **Reply #17 on:** March 20, 2015, 02:06:08 PM »

Oh ya, don't think that you can get away without paying it either. I should know

« **Reply #18 on:** March 20, 2015, 07:16:16 PM »

Quote from: Mrblueeyesnick on March 20, 2015, 01:00:20 PM

I would send it to what the envelop says. By. The way how is my uncles old boat doing

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It's still hasn't seen water for more than 35min lol but it will be soon. Got a new 454 I gotta slap on. Bored n new cam and all that stuff

Quote from: sevans01 on March 20, 2015, 12:51:39 PM

I would think send it to the county assessor. Thats where we send ours.

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Ok. I'm confused now, do I have to pay anything or do I just full out the form. Wants to know what size engine n make and where its being stored and all that.

« **Reply #19 on:** March 20, 2015, 07:42:14 PM »

Quote from: dat1dsm on March 20, 2015, 07:16:16 PM

It's still hasn't seen water for more than 35min lol but it will be soon. Got a new 454 I gotta slap on. Bored n new cam and all that stuff

Cool, well remember when you decide you want something else let me know. I have wanted that boat since I was 11. Here is a picture of it in 1994 I'm the second kid in the back seat.

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« **Reply #20 on:** March 20, 2015, 07:46:18 PM »

Ahh man. That's crazy. It's cool to see pics of it from back then. I have the same exact color scoop on it now too that I grabbed from my old motor

« **Reply #21 on:** March 20, 2015, 07:53:18 PM »

Yeah we had a lot of good summers in that boat. But yeah when your ready to sell it let me know lol

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« **Reply #22 on:** March 21, 2015, 02:13:49 AM »

Lmao. Ok. I still have your number saved

« **Reply #23 on:** March 21, 2015, 02:41:06 AM »

Im really confused.. iv had my boat for 3 years now and i just pay my 50 dollar reg for 2 years... never a luxury tax??.is it based on boat size or sumthin??

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« **Reply #24 on:** March 21, 2015, 03:43:04 AM »

All I know if you don't pay it, they will come knocking on your door. They finally got me but the boat they were taxing got taken away before I paid it. Lol So they ended up taking away my tax return last year

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