Is ad valorem tax the same as personal property tax? The folks in the slip next to me were paying 5K/yr to the state of VA for ppt!! This was on a Monteray, 2' longer than mine.
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| Boat ad valorem tax question. https://www.smwebhead.com/phpBB3/viewtopic.php?f=2&t=4679 |
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| Author: | 298VISTA2000 [ Tue Oct 06, 2009 4:44 pm ] |
| Post subject: | Boat ad valorem tax question. |
I am about to settle up with the tax commissioner on the 2000 406 Carver motor yacht that I sold in May of 2008. After having to write a $10,000 check to get rid of the boat, I didn't have enough money to pay the tax commissioner until now (I was actually hoping they would forget about me). Those assholes were nailing me $1,980 a year in ad valorem tax on a $189,000 value. When I contested the value, the jerks jacked it up to $199,000 in 2008. I was able to sell her for $175,000 last year so do I still have to pay the tax on the value that the assholes estimated her for or do I pay on what I sold her for? Any experience in this matter would be greatly appreciated. Also, excuse my language but I do hate the government(s). |
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| Author: | jvthundercat [ Tue Oct 06, 2009 5:55 pm ] |
| Post subject: | Re: Boat ad valorem tax question. |
You should be able to file a protest on it. Take all your paper work, etc to the hearing. I solved the problem with Kansas and personal property tax. I don't title anything here. |
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| Author: | SNLCUNDIFF [ Tue Oct 06, 2009 7:02 pm ] |
| Post subject: | Re: Boat ad valorem tax question. |
Most states only allow a very narrow window of time to protest the tax basis of an asset. Steve |
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| Author: | mkivbren [ Wed Oct 07, 2009 4:59 pm ] |
| Post subject: | Re: Boat ad valorem tax question. |
Is ad valorem tax the same as personal property tax? The folks in the slip next to me were paying 5K/yr to the state of VA for ppt!! This was on a Monteray, 2' longer than mine.
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| Author: | 298VISTA2000 [ Wed Oct 07, 2009 5:55 pm ] |
| Post subject: | Re: Boat ad valorem tax question. |
mkivbren wrote: Is ad valorem tax the same as personal property tax? The folks in the slip next to me were paying 5K/yr to the state of VA for ppt!! This was on a Monteray, 2' longer than mine. Yes, ad valorem is a property tax here in Georgia as well and I paid more on my 406 Carver MY than on my house (I am able to at least file a homestead exemption on my primary residence). Ad valorem on a boat is a joke and for you future boat owners, do what you can to avoid letting the county know that you have made a purchase. Again, I hate the gov't and don't give a shit if they read this as they did not provide $1,980 worth of services for me each year that I owned the boat. |
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| Author: | jmeirhofer [ Wed Oct 07, 2009 7:58 pm ] |
| Post subject: | Re: Boat ad valorem tax question. |
Where I live in California it is slightly more than 1%. Other counties are closer to 2%. The fact that we as a nation have become so willing to pay tax after tax is surely a sad state of affairs. |
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