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Nias 08-14-2013 05:14 PM

Previous owner wants property tax credit?
Hey guys, so I recently upgraded and took possession of a 1985 CS36 Traditional. Such an awesome boat and I'm beyond thrilled with it.

Question is the previous owner just contacted me and is asking me if I would split the property tax he owes on it for the 2013 fiscal year. He says since he owned the boat for 6 months and then I took possession of it and will own it for the remaining 6 months in the fiscal year that it would be fair if I paid half of the tax the county is charging him. I moved the boat after I took possession to a different county. (San Mateo County in California). They most likely will not charge me for the remainder of this year as it seems they assess and tax owners Jan 1.

Should I pay the previous owner? Is this fair? Seems rather unconventional so I'm wondering if anyone else has ever dealt with this.

Minnewaska 08-14-2013 05:27 PM

Re: Previous owner wants property tax credit?
I'm not familiar with how these taxes are assessed, but sharing should have been clearly stated in the contract. If not, I would not feel obligated to pay.

Bradhamlet 08-14-2013 05:33 PM

Re: Previous owner wants property tax credit?
I just received my tax bill a week or two ago and it says clearly that the person who owns the boat on Jan 1st is responsible for said property tax. It is up to you if you want to help him out.(apx 1.5% of the value of the boat) When you bought your house did the previous owner ask you to share the cost of his property tax?

Lancer 36

mad_machine 08-14-2013 05:36 PM

Re: Previous owner wants property tax credit?
You could be nice and offer him something, but he sold the boat after paying this year's tax and didn't put it in any sort of contract, so you are not obligated.

Skipper Jer 08-14-2013 05:44 PM

Re: Previous owner wants property tax credit?
Are the taxes for the previous year or for the coming year?

Bradhamlet 08-14-2013 05:54 PM

Re: Previous owner wants property tax credit?
Here in CA it states whomever has ownership of said boat Jan 1st owes for that year. I was billed in August for the 2013 year.

Lancer 36

imasaluki 08-14-2013 05:55 PM

That sounds like garbage to me.

Nias 08-14-2013 05:59 PM

Re: Previous owner wants property tax credit?
Yeah I figured I'm not under any obligation to pay him legally. It's more of a what's the ethically correct thing to do in this case? It is an unexpected expense which I am not prepared for. I also wouldn't and won't ask the new owner of my old boat to reimburse me once I sell it. I've never owned real estate so I don't know how it works there.

Really I think he should get a credit from the county, but that's def not gonna happen.

Another thing to consider is that he probably got some free time on the front end when he bought the boat. If I pay then I will have to ask the next owner to reimburse me when I sell it to be even.

Nias 08-14-2013 06:04 PM

Re: Previous owner wants property tax credit?
The taxes are for Jan 1st 2013 through Jan 1st 2014. As Bradhamlet said they ususally send the bill around August so he probably just got the bill and isn't too happy about that.

Donna_F 08-14-2013 06:10 PM

Re: Previous owner wants property tax credit?
If he paid it last year, it isn't like he didn't know it was coming. He should have just hidden it in the price of the boat. I don't think he should have asked you to help with it.

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