Join Date: May 2013
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Re: Previous owner wants property tax credit?
I am really sitting here with my mouth open thinking WHAT THE HECK! In California they assess a property tax every year on your boat, like it was real estate? What a whacky situation, and it is 1.5% of total value? Holy Moley, what a ripoff.
Here in Texas we have no income tax, you pay the sales tax once, and then you pay a small registration fee for your registration yearly, or you can have your vessel USCG Documented for $133.00 a year and not fool with the state sticker. Either way it is not going to be a lot of money, once again California proves that they really do not want business and commerce to take place in their state.
No wonder people are not wanting to stay in California. This is sort of like the thread on having to pay a ton of taxes when you buy a boat in California, even if you do not live there.
It does look like the seller might need to take it out of his broker, since the broker was the one who missed getting that little mess taken care of in the sales contract. However, you need to make sure that the state of California does not Californicate you by putting a lien on the boat for the unpaid taxes if he does not pay them.
It is good to learn from your mistakes, but much better to learn from the mistakes of others...