Tax on Boat question....

[colrhino]

This is correct. The county valuations are usually the highest they can make them. They almost consider everything as brand new, in perfect condition.

I have owned a used (albeit new to me) 2001 year model 33’ Chris Craft cruiser that I keep at a marina in Bartow county, although we live in Cobb county, and the darned thing has somehow held 100% of it’s value over the past eight years- explain that to me- I told the tax commissioner that I wish that I could sell it for what they have it valued for !


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[Rzr570]

Hall County values my boat at 35k, i reply with worth 20k. Less then $300 a year but ticks me off. If i paid sales tax when i bought it why the fxxk do i pay property tax on it!

EXACTLY

 

[Buckeye76]

I have owned a used (albeit new to me) 2001 year model 33’ Chris Craft cruiser that I keep at a marina in Bartow county, although we live in Cobb county, and the darned thing has somehow held 100% of it’s value over the past eight years- explain that to me- I told the tax commissioner that I wish that I could sell it for what they have it valued for !


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And they will continue to charge more than they should until you call them on the value. You are paying the Bartow tax and not Cobb, correct?

 

[colrhino]

Correct.


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[10-8 Gunworks]

I owned an aircraft in Thomas County. Those leeches realized that they weren't collecting personal property taxes on aircraft, so I got a bill for the last 3 years of taxes. On top of that, they valued it at nearly 40k more than what it was worth. I nearly got locked up when I went down there.

 

[StuP]

So any idea what the tax bill is on say a 30K boat? Just curious what kinda money I'm looking at....

I get that... was just wondering if we're talking 100's or 1000's.

I'd guess, (from experience), 2-300.

 

[Fatal_Bert]

I throw mine in the trash.

 

[YOTESHOOTER]

It's basically a luxury tax. Like what counties charged when pick up bed tops were popular, in the past glad we never bought one...

 

[libertysteeth]

Maybe the boat is stored in alabama?

 

[Remmy]

Trust me you can't get around this and you won't beat it. No matter what you put as the value on the form that you have to send in they still go by book value.