Join Date: Oct 2006
Location: Callao, VA
Thanked 17 Times in 17 Posts
Rep Power: 11
As usual, Dog is correct..you will still be required to pay sales tax, whether documented or titled. As to personal property tax, unless you live in one of the very few locations where the personal property tax is waived for boats (Hampton, VA is the only one I know of) you will be subject to yearly personal property tax, based on what the county (and their rates and how they calculate it) where you slip the boat is.
Most of the time, the selling broker will collect the state sales tax on your behalf and submit it to the state....check to make sure you have not already paid that. Keep the paperwork, as "proof" you have paid the state tax, in case you want to slip in MD for a while, they WILL ask, and then DEMAND proof of tax payment in your home location, so that you can pay them the difference between VA and MD. NC is no where as mercenary as MD is.
Your documentation application paperwork, with your paid tax receipt and copy of the bill of sale, insurance binder will be "your traveling papers" so that you can legally move the boat and use it, while you await your new numbers. Keep them on the boat, just in case you are stopped by LLEO or CG.
There is no requirement to "title" your now documented boat in VA, unless you want to give the state some more money.