Previous owner wants property tax credit? - Page 7 - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > General Interest > General Discussion (sailing related)
 Not a Member? 


Like Tree19Likes
Reply
 
LinkBack Thread Tools
  #61  
Old 08-15-2013
svHyLyte's Avatar
Old as Dirt!
 
Join Date: Nov 2008
Location: Tampa Bay Area
Posts: 2,791
Thanks: 15
Thanked 113 Times in 107 Posts
Rep Power: 6
svHyLyte is on a distinguished road
Re: Previous owner wants property tax credit?

Quote:
Originally Posted by Tempest View Post
What are we talking about in terms of Real $ ?

$1,000 ?

I don't think you owe anything. But, I guess you have to ask yourself if you think you might need/want to call the PO for information about the vessel in the future and what value would there be to him taking your calls. Would you have signed the contract if box 10-a were checked?

I might propose a 3 way split. The seller, the broker and you each pay a 3rd..of the bill.
If it's a grand, then that's $333.00 apiece. Let him deal with the broker, and make sure you can verify that the tax bill gets paid.

It keeps the lawyers out of it. Spreads the pain equally and potentially preserves your ability to have good future dealings with both the broker and the PO.

Or you can simply, walk away.

When I purchased my last house, both brokers took a cut in their commission to make the deal happen.

imo...The broker screwed this deal up, so they do have skin in the game if they want a good reference.
As a practical matter, the "Tax" is likely between $500 and $750. Despite the protestations of others (posts above) in re: prorations of taxes, while we lived there, we have bought and sold 4 boats in California and, in each case, prorated taxes as of the date of sale. That said, think of this. In each case after we sold a boat, for weeks if not months afterward, we/I discovered items that belonged to the boat we sold and I would pack them up and ship them off to the buyer against the possibility that he might need them. Likewise, when we bought our last boat--that we have now--for months after we closed we discovered things aboard the boat that the seller certainly couldn't have intentionally included in the sale. A (very nice/expensive) Standard Horizon hand held radio, a very costly hand bearing compass, a collection of navigation tools from the US Navel Academy, Cerca 1965, (the Seller was a retired Captain in the Navy); video tapes of family vacations etc., etc. etc. We duly packaged these up and sent them off to him. Likewise, in his garage, he found/had many spares and parts from the yacht that, over time, he packaged up and sent off to us, including many parts that are now all but impossible to find. Had we parted on less than amicable terms, or with ill will, does anyone think these exchanges would have continued/happened? I don't think so.

For the relatively little amount that is involved I think the OP/Buyer is a fool for not making an accommodation for the Seller as I suspect in short order he/she will need information/help from the Seller. Taking the FU Very Much approach most certainly has no positive payoffs. But, really, for a few hundred bucks, is the "bad karma" worth it? If that amount is a major issue for the OP/Buyer, he/she is in for a serious wake-up call as to the cost of yacht ownership, particularly in the Peoples Republic of California.

FWIW,,,
__________________
"It is not so much for its beauty that the sea makes a claim upon men's hearts, as for that subtle something, that quality of air, that emanation from the waves, that so wonderfully renews a weary spirit."
Reply With Quote Quick reply to this message Share with Facebook
  #62  
Old 08-15-2013
Senior Member
 
Join Date: Feb 2010
Location: Narragansett Bay
Posts: 9,109
Thanks: 10
Thanked 143 Times in 129 Posts
Rep Power: 6
Minnewaska will become famous soon enough Minnewaska will become famous soon enough
Re: Previous owner wants property tax credit?

I have no objection to making a good will offering, if the buyer chooses. Just understand that's all it is and the seller could prove to be a jerk and still not cooperate. Buyer's call, cards are in their hands to do as they please.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Jeanneau 54DS

In the harsh marine environment, something is always in need of repair. Margaritas fix everything.
Reply With Quote Quick reply to this message Share with Facebook
  #63  
Old 08-15-2013
mark2gmtrans's Avatar
sailing soon
 
Join Date: May 2013
Location: Texas
Posts: 813
Thanks: 2
Thanked 30 Times in 30 Posts
Rep Power: 2
mark2gmtrans is on a distinguished road
Send a message via Yahoo to mark2gmtrans
Re: Previous owner wants property tax credit?

Quote:
Originally Posted by aeventyr60 View Post
Not sure why you have to pay $133 a year for USCG documentation. I just sign the form and send it in for free.
You have to pay the $133.00 plus any other applicable fees the first time you register as a documented vessel, which is what I was talking about since the OP was talking about a new registration.

For those who would like to have the information from the USCG, they can find the fee schedule here USCG National Vessel Documentation Center, Fee Page

Application Fees
Initial Certificate of Documentation $133.00
Exchange Certificate of Documentation $84.00
Return of Vessel to Documentation $84.00
Replacement of Lost or Mutilated $50.00
Approval of Exchange of COD
requiring Mortgagee consent $24.00
Evidence of Deletion from Documentation $15.00
Late Renewal Fee $5.00
Trade Endorsements
Coastwise $29.00
Coastwise Bowaters $29.00
Fishery $12.00
Registry No Fee Required
Recreational No Fee Required
NOTE:When multiple trade endorsements are requested on the same application, only the single highest applicable fee will be charged, resulting in a maximum endorsement fee of $29.00.

Waivers
Original Build Evidence $15.00
Bill of Sale Eligible for Filing and Recording $15.00
Miscellaneous Applications
Wrecked Vessel Determination $555.00
New Vessel Determination $166.00
Rebuild Determination - Preliminary or Final $450.00
Certificate of Compliance (46 CFR Part 68) $55.00
Filing and Recording Application Fees:
Satisfaction of Mortgage and Related Instruments No Fee Required
Notice of Claim of Lien and Related Instruments $8.00 per page
Mortgage and Related Instruments $4.00 per page
Bill of Sale and Instruments in Nature
of Bill of Sale
NOTE: This includes a transfer of interest shown
on the reverse of the COD.

$8.00 per page
Miscellaneous
Abstract of Title (CG-1332) $25.00
Certificate of Ownership (CG-1330) $125.00
Attachment for each vessel with same data $10.00
Certified Copy of Recorded Instrument $4.00
Certified Copy of Certificate of Documentation $4.00
NOTE:Certificates of documentation, Letters of Deletion, Certificates of Ownership and recorded instruments faxed and emailed in combination to mailing will require an additional Certified Copy fee of $4.00 for each item.
__________________
It is good to learn from your mistakes, but much better to learn from the mistakes of others...
Reply With Quote Quick reply to this message Share with Facebook
  #64  
Old 08-16-2013
Member
 
Join Date: Nov 2009
Location: San Francisco, CA
Posts: 30
Thanks: 1
Thanked 0 Times in 0 Posts
Rep Power: 0
Nias is on a distinguished road
Re: Previous owner wants property tax credit?

Thought you guys might want to know what action I took. I sent him a reply saying show me documentation that you paid pro-rated taxes on the front end when you bought the boat as you want me to do, and I will pay you the amount that you are asking. This way I'll feel like it's fair and won't feel like I am getting shorted in the long run by the way the California property tax cycle works.

Enough of this already! I need to go sailing!!
davidpm likes this.
Reply With Quote Quick reply to this message Share with Facebook
  #65  
Old 08-16-2013
TakeFive's Avatar
If it's blowin' I'm goin'
 
Join Date: Oct 2009
Location: Swarthmore, PA
Posts: 2,650
Thanks: 6
Thanked 50 Times in 47 Posts
Rep Power: 6
TakeFive will become famous soon enough
Re: Previous owner wants property tax credit?

Quote:
Originally Posted by Nias View Post
Thought you guys might want to know what action I took. I sent him a reply saying show me documentation that you paid pro-rated taxes on the front end when you bought the boat as you want me to do, and I will pay you the amount that you are asking. This way I'll feel like it's fair and won't feel like I am getting shorted in the long run by the way the California property tax cycle works.

Enough of this already! I need to go sailing!!
Sounds like a plan. And conforms to the "pay it forward/pay it back" ethic, so it's got good karma.

But one thing's for sure. No matter what you do, someone here will suggest that you should have done something else.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Formerly posted as "RhythmDoctor"
1998 Catalina 250WK Take Five (at Anchorage Marina, Essington, on the Delaware River)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)
Reply With Quote Quick reply to this message Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
I know why the Previous Owner sold the boat! Boasun General Discussion (sailing related) 19 06-19-2012 01:54 AM
$8,000 Tax Credit thesnort Living Aboard 9 05-14-2010 11:07 AM
2GM converted to freshwater by previous owner ... now how do I fix it?! scraph Diesel 1 01-11-2010 03:06 PM
Four Day Charter Credit We Are Not Able To Use! shanbill Chartering 0 11-18-2002 04:26 AM
Confused with Credit ptapaul Boat Review and Purchase Forum 3 07-13-2002 06:37 AM


All times are GMT -4. The time now is 07:00 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.