ASA and PSIA Instructor
Join Date: Apr 2000
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import duty or tax when importing a boat
... But how about our countries(USA) normal property tax. Are boats taxed yearly based on thier value like homes/real estate? How much? Or if not, is it because they are for pleasure and not a home? If you live on your boat does the tax status change?...
There are no federal boat taxes, only thosee of the state in which you live and/or keep the boat. These sales, property or use taxes vary widely by state. In general you can expect that the state which would want one or more of these taxes from you, will find you and your boat and collect them, with fines and interest if tey were not paid on time.
(I had been living in Minnesota for three years when Massachusetts started dunning me for sales taxes that they felt I as a Mass. resident at the time, should have paid on a boat that I bought in Maine. I eventually gave in and paid the tax...)