69 replies to this topic

[2high2tight]

Unlike CT, which doesn't charge use/property tax on a vessel in its waters, the Great Broke State of California and the Equally Broke County of Alameda has sent me a $900 unsecured property tax bill for my boat.

What can I do to avoid/minimize payment?

Moving back to CT is not an option. Nor is armed insurrection.

[Occams Razor]

welcome to the state. Some radicals try protest, others try Documentation, etc, but you get to pay. Even if, as I did, you sell the boat during the year, if you're the owner on Jan 1, you owe the full year.

[SailRacer]

You mean nobody mentioned that in the relocation package?

[SemiSalt]

Unlike CT, which doesn't charge use/property tax on a vessel in its waters, the Great Broke State of California and the Equally Broke County of Alameda has sent me a $900 unsecured property tax bill for my boat.

CT used to. At that time you could duck the tax by documenting the boat, or registering it in some other state. Cars too. There were a lot of Vermont-registered cars in Fairfield County when I moved here in 1976. I presume the people involved had vacation property in VT.

Note: these are grey market tax evasions, and I don't endorse them in any way. I am not an atty or tax adviser.

[DA-WOODY]

welcome to the state. Some radicals try protest, others try Documentation, etc, but you get to pay. Even if, as I did, you sell the boat during the year, if you're the owner on Jan 1, you owe the full year.

think it's March 1st but fur sure not Jan 1st

Did you just buy the boat ?????

if not it's taxed on current value or what you paid

get it appraised should be way lower than you and they think

they take a shot in the dark high above your bow = like PHRF w a new ride in town

it's up to you to proactively correct your taxed value and PHRF rating

good that you are starting to work on it by at least looking into the matter


1-Q what's the value of your ride or what did you pay for it if you brought it into Kalifornia w you?

[Point Break]

Welcome. No way to avoid. Its based on the assessed value which you can assert is less but its a journey. Wait until to you get your possessory use tax on your slip.............and the unsecured property tax on your dingy if its 10 feet or greater in length.

[U20guy2]

Unlike CT, which doesn't charge use/property tax on a vessel in its waters, the Great Broke State of California and the Equally Broke County of Alameda has sent me a $900 unsecured property tax bill for my boat.

What can I do to avoid/minimize payment?

Moving back to CT is not an option. Nor is armed insurrection.

No way around it unless you have documented proof that their valuation of your boat is WAY off base which case you can file for a correction on their value and thus lower the tax value. However if they have valued it low this could back fire and they might say hey your right we were wrong give us more money.

And no you can't avoid the tax man once he has your number. A good friend keeps his 65ft Swan on the move perpetually up and down the coast simply to avoid tax on it - has been doing it for years. But he also enjoys sailing it up and down the coast - and he has the funds to hire a professional to move it if he doesn't have the time.

['moondance44]

CT charges tax. You cannot get a mooring permit unless you show a state registration sticker. You cannot geta sticke runless you show tax paid. They comb through the harbors and docks every so often checking stickers.

If you have documentation, you stil are required to have CT state registration

Unless you can show the boat is kept out of state a miinimal amount of time I dont recall, 180 days or something

anyway. the tax free days of CT are long over (state income tax came in 1994)

[2high2tight]

welcome to the state. Some radicals try protest, others try Documentation, etc, but you get to pay. Even if, as I did, you sell the boat during the year, if you're the owner on Jan 1, you owe the full year.

think it's March 1st but fur sure not Jan 1st

Did you just buy the boat ?????

if not it's taxed on current value or what you paid

get it appraised should be way lower than you and they think

they take a shot in the dark high above your bow = like PHRF w a new ride in town

it's up to you to proactively correct your taxed value and PHRF rating

good that you are starting to work on it by at least looking into the matter


1-Q what's the value of your ride or what did you pay for it if you brought it into Kalifornia w you?

bought the boat new in 05 in CT. Paid the sales tax then.
moved it here 1 year ago (late Aug). Assessed at 85k. which I would say is fair. Don't want to go down that road cause obviously they could argue higher.

between the 1% property tax and all the school zone and other assessments the bill comes to just over 900. Since I did pay sales tax in another state they at least can't come after me for that....

[eliboat]

back in 2004 (I think it was 04) my brother and I had sailed into Mystic at night and tied up at a marina for a day before moving onto Mystic seaport for an event. We were in CT for a total of 4 days, before heading back to Newport and then up to Maine to cruise for another month. The boat is registered in Newport. Later that winter I got a letter from the great state of CT demanding $27,000 because, since some asshole tax guy saw our boat tied to a dock, it was deemed that the boat was being kept there full time. The onus was of course on me to prove otherwise, which was a pain in the ass and ended up costing money that I shouldn't have had to spend. The result of that was that the boat has never been to CT since. When I drive through CT, I make sure that I never buy a thing there. Fuck CT.

[DA-WOODY]

welcome to the state. Some radicals try protest, others try Documentation, etc, but you get to pay. Even if, as I did, you sell the boat during the year, if you're the owner on Jan 1, you owe the full year.

think it's March 1st but fur sure not Jan 1st

Did you just buy the boat ?????

if not it's taxed on current value or what you paid

get it appraised should be way lower than you and they think

they take a shot in the dark high above your bow = like PHRF w a new ride in town

it's up to you to proactively correct your taxed value and PHRF rating

good that you are starting to work on it by at least looking into the matter


1-Q what's the value of your ride or what did you pay for it if you brought it into Kalifornia w you?

bought the boat new in 05 in CT. Paid the sales tax then.
moved it here 1 year ago (late Aug). Assessed at 85k. which I would say is fair. Don't want to go down that road cause obviously they could argue higher.

between the 1% property tax and all the school zone and other assessments the bill comes to just over 900. Since I did pay sales tax in another state they at least can't come after me for that....

have you had your ride appraised for insurance (like did you have to)

don't think they get a copy less you show them (show em if it's lower)

what's your insured value ??? did they use that even tho it wouldn't sell for that ??? (just your bet with the insurance Co.)

your tax bill will state exactly the value they are using for your ride

it should drop ?-% per year off what you paid (unlike a house)

do you write off your 2nd home (yacht)

Many reasons I Love me 12' ride on a trailer

being poor is one of them

Enjoy affording your Toy and remember the true cost overall is $ per hour of use

That you have control over and you can lower the cost just by using it more

[bmiller]

I thought about taking a boat registered here in Colorado and keeping it in a slip in CA. If I live in CO and the boat is registered here can they charge any tax?

[Tejano]

Keep it here in Texas. No state property taxes on boats as personal property (disclaimer: may vary city to city) and the Parks and Wildlife Service has been gutted by Gubinator Perry to the point they no longer hassle sailors on the open water...especially salt water.

[blurocketsmate]

They'll track you down!

Blurocket was built in BC, USCG documented and always kept and registered in WA. In 27 years, the boat was in CA once, for a few months as a transient. But CA tried to collect on it every year, as the owner was a CA resident.

[U20guy2]

Any boat in CA that stays put for X period of time I recall its 3 months max or something to that effect is subject to CA property tax. And you need full documented proof that the boat has been on the move you need to show them receipts for the boat in other locations in a time line that proves the boat was not parked in one marina over the allowed transient time limit etc.

CA doesn't give a flying shit where you live if your boat is here they want their property tax money.

[Cherie320]

Any boat in CA that stays put for X period of time I recall its 3 months max or something to that effect is subject to CA property tax. And you need full documented proof that the boat has been on the move you need to show them receipts for the boat in other locations in a time line that proves the boat was not parked in one marina over the allowed transient time limit etc.

CA doesn't give a flying shit where you live if your boat is here they want their property tax money.

What U2 said - and at least initially, they establish the value of the boat with sales tax added. They consider the value of the asset to be what it cost to acquire it, not just the purchase price. Pat

[DA-WOODY]

Any boat in CA that stays put for X period of time I recall its 3 months max or something to that effect is subject to CA property tax. And you need full documented proof that the boat has been on the move you need to show them receipts for the boat in other locations in a time line that proves the boat was not parked in one marina over the allowed transient time limit etc.

CA doesn't give a flying shit where you live if your boat is here they want their property tax money.

What U2 said - and at least initially, they establish the value of the boat with sales tax added. They consider the value of the asset to be what it cost to acquire it, not just the purchase price. Pat

sudda bought it on line

[Bitter Gnat]

...and this is not anything new. Paid property tax for my boat for many years before I sold it and moved to Texas in protest seven years ago!

[pogen]

Welcome to CA.

Lots of people have tried to register cars, etc., in Nevada but the State is very good at seeing through these ploys and nailing you.

[U20guy2]

Welcome to CA.

Lots of people have tried to register cars, etc., in Nevada but the State is very good at seeing through these ploys and nailing you.

I had a CA neighbor who had all 4 of his house hold cars sporting NV license plates. He started complaining how a local cop was writing them CA registration tickets because the cop knew that all 4 cars had been in CA far longer than 30days. AFter about the 4th time he brought it up I simply said - hey your driving on my CA roads I'm paying my reg fees and taxes on my car - go register your damn car in CA - after all you live here full time and your empty dirt lot in NV hasn't seen you EVER! Thats correct he had his cars licensed in NV using a piece of desert dirt worth less than half of one of his cars. LOL

You wana live and play in CA you need to pay your share. I'm Native CA with deep CA family roots people have been bitching about CA prices since before the Gold rush. As my GREAT GREAT Grand pap use to say no one forced you to come here your welcome to leave Don't let the door hit you in the ASS on your way out.

[TornadoCAN99]

welcome to the state. Some radicals try protest, others try Documentation, etc, but you get to pay. Even if, as I did, you sell the boat during the year, if you're the owner on Jan 1, you owe the full year.

I can vouche ("ouche"!?) for that...I moved out of Cal on Jan. 7th 2010 and got a bill for $75 prop tax for rest of the year. Tried to contest it but paying out was the sane thing to do.

[NorCalLaser]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

[colorado]

I thought about taking a boat registered here in Colorado and keeping it in a slip in CA. If I live in CO and the boat is registered here can they charge any tax?

Bill, I went down that road and it quickly became obvious that the CA ownership tax could not be avoided. I wound up keeping the boat on the east coast near Annapolis.

[Secret Weapon]

Welcome to CA.

Lots of people have tried to register cars, etc., in Nevada but the State is very good at seeing through these ploys and nailing you.

I had a CA neighbor who had all 4 of his house hold cars sporting NV license plates. He started complaining how a local cop was writing them CA registration tickets because the cop knew that all 4 cars had been in CA far longer than 30days. AFter about the 4th time he brought it up I simply said - hey your driving on my CA roads I'm paying my reg fees and taxes on my car - go register your damn car in CA - after all you live here full time and your empty dirt lot in NV hasn't seen you EVER! Thats correct he had his cars licensed in NV using a piece of desert dirt worth less than half of one of his cars. LOL

You wana live and play in CA you need to pay your share. I'm Native CA with deep CA family roots people have been bitching about CA prices since before the Gold rush. As my GREAT GREAT Grand pap use to say no one forced you to come here your welcome to leave Don't let the door hit you in the ASS on your way out.

Wow, it is wonderful to hear from the ONE Californian who believes the people of the Golden State should pay their way for all the services Sacramento decides they need. Good on you sir!

[One eye Jack]

1344014699[/url]' post='3811700']

1344012422[/url]' post='3811663']

1344010345[/url]' post='3811633']
welcome to the state. Some radicals try protest, others try Documentation, etc, but you get to pay. Even if, as I did, you sell the boat during the year, if you're the owner on Jan 1, you owe the full year.

think it's March 1st but fur sure not Jan 1st

Did you just buy the boat ?????

if not it's taxed on current value or what you paid

get it appraised should be way lower than you and they think

they take a shot in the dark high above your bow = like PHRF w a new ride in town

it's up to you to proactively correct your taxed value and PHRF rating

good that you are starting to work on it by at least looking into the matter


1-Q what's the value of your ride or what did you pay for it if you brought it into Kalifornia w you?

bought the boat new in 05 in CT. Paid the sales tax then.
moved it here 1 year ago (late Aug). Assessed at 85k. which I would say is fair. Don't want to go down that road cause obviously they could argue higher.

between the 1% property tax and all the school zone and other assessments the bill comes to just over 900. Since I did pay sales tax in another state they at least can't come after me for that....

You need to find what your boat is worth, less everything but the boat and pay accordingly.. I had problems with Alameda county.. I had a 35,000 boat and THEY said it was worth 112,000.. Finally got the bill down .. If you don't pay when due.. They WILL put it on he owners credit report as a tax lien..even when you do break down and pay, it will still be on your credit report for7 years..it is called welcome to California, now bend over and spread those cheeks.

[One eye Jack]

1344021161[/url]' post='3811825']

1344020370[/url]' post='3811806']
Welcome to CA.

Lots of people have tried to register cars, etc., in Nevada but the State is very good at seeing through these ploys and nailing you.

I had a CA neighbor who had all 4 of his house hold cars sporting NV license plates. He started complaining how a local cop was writing them CA registration tickets because the cop knew that all 4 cars had been in CA far longer than 30days. AFter about the 4th time he brought it up I simply said - hey your driving on my CA roads I'm paying my reg fees and taxes on my car - go register your damn car in CA - after all you live here full time and your empty dirt lot in NV hasn't seen you EVER! Thats correct he had his cars licensed in NV using a piece of desert dirt worth less than half of one of his cars. LOL

You wana live and play in CA you need to pay your share. I'm Native CA with deep CA family roots people have been bitching about CA prices since before the Gold rush. As my GREAT GREAT Grand pap use to say no one forced you to come here your welcome to leave Don't let the door hit you in the ASS on your way out.

You can do that if you have a corporation that is based out of Nevada..then you don't own the car, but are working for the corporation and just happen to live in Ca.

[Bitter Gnat]

The thing that really tied me off about it was the double taxation. Fine, tax a boat as property. But, you don't pay sales tax on a house purchase, why do you have to for a boat?

Speaking of that, heard the "90 Day Yacht Club" (keeping your new boat in Ensenada for three months to avoid sales tax) has also been shut down?

[sailinAZ]

We bought a boat in CA. Sailed and raced for a year and a half, then shipped the boat to Michigan. No way around paying the property tax on it in Cali. The really fun part was trying to prove the boat was no longer in the state when they kept trying to bill us 2 years later! It took a long time for them to believe us. We had MI registration, race results, pics etc..finally, this year, they gave up.

['moondance44]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

sales tax will be about $1800-2000

setting up and maintaining an llc is going to cost about the same over 2 yrs?

are there any insurance or finance issues if an llc and not personally owned?

Senator Kerry would know all about this.

[Steam Flyer]

Unlike CT, which doesn't charge use/property tax on a vessel in its waters, the Great Broke State of California and the Equally Broke County of Alameda has sent me a $900 unsecured property tax bill for my boat.

What can I do to avoid/minimize payment?

Moving back to CT is not an option. Nor is armed insurrection.

2 things certain in this life- death and taxes.

I suppose you will gripe about death when it comes your way, too?


FB- Doug

[Asymptote]

I thought about taking a boat registered here in Colorado and keeping it in a slip in CA. If I live in CO and the boat is registered here can they charge any tax?

Bill, I went down that road and it quickly became obvious that the CA ownership tax could not be avoided. I wound up keeping the boat on the east coast near Annapolis.

Great strategy there. You'd rather pay airfare across the country to use your boat than pay local taxes to keep it close to home. I presume your time in transit has no value as well.


I'd like to see the cost/benefit analysis of that decision.

[Blowhard]

Florida -- No property tax or excise tax etc. on boats.
Florida -- No property tax or excise tax etc. on vehicles.

My dad used to say, CALIF means "Come and Live in Florida...."

[DA-WOODY]

Florida -- No property tax or excise tax etc. on boats.
Florida -- No property tax or excise tax etc. on vehicles.

My dad used to say, CALIF means "Come and Live in Florida...."

He was talking about those signs posted about NY / NJ

Pleasant here today - have you checked on Boothy

Are you OK ???

[One eye Jack]

1344028626[/url]' post='3811947']

1344024663[/url]' post='3811892']
transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

sales tax will be about $1800-2000

setting up and maintaining an llc is going to cost about the same over 2 yrs?

are there any insurance or finance issues if an llc and not personally owned?

Senator Kerry would know all about this.

You can get an LLC through Delaware for something like 400 bucks..and about 150 a year tax. The really neet thing is you don't have to tell anybody who the officers are.. It's fun tell em , I don't know who they are, even if you are the only one. Big advantage with an llc, your personnel possessions can't be taken if somebody sues you, or if you file your corp bankruptcy. But before you do anything, it would be worth it to talk it over with your tax man or accountant..

[BigSquid]

My understanding is that if you have cabin(s) with doors, a galley and a head then a boat is like a 2nd home or investment property. So there is a chance you can be writing aspects of it off against your CA income tax. Don't know the details but I do know at tax time we are happy to call it a second home.

[bmiller]

I thought about taking a boat registered here in Colorado and keeping it in a slip in CA. If I live in CO and the boat is registered here can they charge any tax?

Bill, I went down that road and it quickly became obvious that the CA ownership tax could not be avoided. I wound up keeping the boat on the east coast near Annapolis.

Great strategy there. You'd rather pay airfare across the country to use your boat than pay local taxes to keep it close to home. I presume your time in transit has no value as well.


I'd like to see the cost/benefit analysis of that decision.

When it's 20 below in colorado and I can fly to a warm locale to a boat floating in saltwater cost is not my concern.

It's just a thought and would be my decision, not yours, so don't fret over it.

[barnone]

I had a cat in Richmond, left for Mexico for a year and left the marina (closed the lease etc), in that time, CA put a tax lean on the boat even though it was out of country and actually offically imported into Mexico and wasn't even at the marina.

Took years to clear it from credit report even though I was able to prove the boat was not in the country for that year.

I hate CA for the aggressive tax laws. Any other state and it's more reasonable.

Be careful, CA doesn't mess around and they will F you any chance they get.

[walterbshaffer]

Sales tax: if you buy a boat here you pay a one time sales tax on it here based on the county of residency & primary usage.
Use tax: if you bought a boat somewhere else and use it in Ca you will pay a one time use tax unless you can prove you paid the sales tax when & where you bought it.
Property tax: must be paid annually on a boat by anyone who is a CA. resident. (I was told that if you are not a resident and do not pay an annual property tax on the boat you must pay a one time use tax regardless of whether or not you previously paid a sales tax when you bought it, but that is not so clear)
Registration tax: must be paid annually on any boat unless the boat is currently registered elsewhere or USCG documented.

Property taxes are 1%, sales taxes are around 7.5% but can be as high as 9.875% in the SF Bay area. Not sure what use tax or registration tax rates are.

It would be interesting to find out what % of boats do not pay property tax; as a comparison I know that only about 1/3 of the boats on my dock have current registration, so......

[walterbshaffer]

The thing that really tied me off about it was the double taxation. Fine, tax a boat as property. But, you don't pay sales tax on a house purchase, why do you have to for a boat?

For real estate there is a documentary transfer tax equal to $1.10 per $1,000 in sales price in San Diego and all other counties as well though I don't know what other counties charge.

Speaking of that, heard the "90 Day Yacht Club" (keeping your new boat in Ensenada for three months to avoid sales tax) has also been shut down?

Yes. California now charges a use tax unless you can prove that you paid a domestic sales tax when & where you bought it.

[Overbored]

From the orange county assessors office Q: When and where are boats assessed for property taxes?
A: State law requires that boats be assessed on January 1 of every year, at the site where they are regularly or routinely located. Boats regularly located in Orange County are assessed here, regardless of where they are registered.


county assessors in california do not care where you live

[U20guy2]

Florida -- No property tax or excise tax etc. on boats.
Florida -- No property tax or excise tax etc. on vehicles.

My dad used to say, CALIF means "Come and Live in Florida...."

Seems those in Florida not only have few taxes but like to file fake claims to collect tax returns from the US GOV also. Crafty bunch them Florida voters ;-)

[inquiring Mind]

Property taxes are 1%, sales taxes are around 7.5% but can be as high as 9.875% in the SF Bay area. Not sure what use tax or registration tax rates are.

It would be interesting to find out what % of boats do not pay property tax; as a comparison I know that only about 1/3 of the boats on my dock have current registration, so......

Property taxes are divorced from registration and handled totally by the counties. Most, if not all the counties have an assessor walk the docks more than once sometime prior to March 1 and check marina records for slip/mooring rental. If the boat is there one year, it'll get taxed the next and usually until you prove that it's sold or gone. Most of the boats which do not display registration are documented.

[Innocent Bystander]

I thought about taking a boat registered here in Colorado and keeping it in a slip in CA. If I live in CO and the boat is registered here can they charge any tax?

Bam,

In general, Boats have to be registered where they are "normally moored". The states that care establish criteria. Washington State, with high registration costs and annual property tax on boats, calls for any 90 days in a 12 month period. It used to be a continuous 90 days, but a lot of boats spent a weekend in Canada every 90 days.

[davidprobable]

Property taxes are 1%, sales taxes are around 7.5% but can be as high as 9.875% in the SF Bay area. Not sure what use tax or registration tax rates are.

It would be interesting to find out what % of boats do not pay property tax; as a comparison I know that only about 1/3 of the boats on my dock have current registration, so......

Property taxes are divorced from registration and handled totally by the counties. Most, if not all the counties have an assessor walk the docks more than once sometime prior to March 1 and check marina records for slip/mooring rental. If the boat is there one year, it'll get taxed the next and usually until you prove that it's sold or gone. Most of the boats which do not display registration are documented.

Does this ppty tax apply to boats kept within a Yacht Club? The YC would pay ppty tax on its facilities and docks. A personal ppty tax ie sales tax/ use tax, would apply at state level but municipal? Does this arise through attachment to a dock that is municipally assessed? If so, is it deductible against other taxes or can it be offset against other taxes? Can the YC use these assessments to lower its ppty tax and credit the member? Do any of you have any tea you can fling into the harbour? Has King George been reincarnated into the State House?

[One eye Jack]

1344095417[/url]' post='3812589']

1344060103[/url]' post='3812309']

1344052368[/url]' post='3812253']
Property taxes are 1%, sales taxes are around 7.5% but can be as high as 9.875% in the SF Bay area. Not sure what use tax or registration tax rates are.

It would be interesting to find out what % of boats do not pay property tax; as a comparison I know that only about 1/3 of the boats on my dock have current registration, so......

Property taxes are divorced from registration and handled totally by the counties. Most, if not all the counties have an assessor walk the docks more than once sometime prior to March 1 and check marina records for slip/mooring rental. If the boat is there one year, it'll get taxed the next and usually until you prove that it's sold or gone. Most of the boats which do not display registration are documented.

Does this ppty tax apply to boats kept within a Yacht Club? The YC would pay ppty tax on its facilities and docks. A personal ppty tax ie sales tax/ use tax, would apply at state level but municipal? Does this arise through attachment to a dock that is municipally assessed? If so, is it deductible against other taxes or can it be offset against other taxes? Can the YC use these assessments to lower its ppty tax and credit the member? Do any of you have any tea you can fling into the harbour? Has King George been reincarnated into the State House?

If your boat is in California.. You will pay some kind of tax, check with your accountant on the tax deduction..and how do you think these counties pay for their outlandish salraries? Welcome to the communist country of California..

[inquiring Mind]

Property taxes are 1%, sales taxes are around 7.5% but can be as high as 9.875% in the SF Bay area. Not sure what use tax or registration tax rates are.

It would be interesting to find out what % of boats do not pay property tax; as a comparison I know that only about 1/3 of the boats on my dock have current registration, so......

Property taxes are divorced from registration and handled totally by the counties. Most, if not all the counties have an assessor walk the docks more than once sometime prior to March 1 and check marina records for slip/mooring rental. If the boat is there one year, it'll get taxed the next and usually until you prove that it's sold or gone. Most of the boats which do not display registration are documented.

Does this ppty tax apply to boats kept within a Yacht Club? The YC would pay ppty tax on its facilities and docks. A personal ppty tax ie sales tax/ use tax, would apply at state level but municipal? Does this arise through attachment to a dock that is municipally assessed? If so, is it deductible against other taxes or can it be offset against other taxes? Can the YC use these assessments to lower its ppty tax and credit the member? Do any of you have any tea you can fling into the harbour? Has King George been reincarnated into the State House?

Property taxes apply to all boats above a certain length and are paid by the owner. In certain CA municipal/county jurisdictions in publicly-owned marinas, taxes are levied on the slip holder for use of the water in the slip, irrespective of the fact that the slip holder must also pay rent on the slip. All of these taxes are generally deductible by the individual, just the same as any property tax. I do not know the intricacies of Yacht Club-owned slips. I'm sure that's another bag of worms. King Jerry is most definitely reincarnated and is trying to make life difficult for all CA taxpayers.

[DA-WOODY]

Property taxes are 1%, sales taxes are around 7.5% but can be as high as 9.875% in the SF Bay area. Not sure what use tax or registration tax rates are.

It would be interesting to find out what % of boats do not pay property tax; as a comparison I know that only about 1/3 of the boats on my dock have current registration, so......

Property taxes are divorced from registration and handled totally by the counties. Most, if not all the counties have an assessor walk the docks more than once sometime prior to March 1 and check marina records for slip/mooring rental. If the boat is there one year, it'll get taxed the next and usually until you prove that it's sold or gone. Most of the boats which do not display registration are documented.

Does this ppty tax apply to boats kept within a Yacht Club? The YC would pay ppty tax on its facilities and docks. A personal ppty tax ie sales tax/ use tax, would apply at state level but municipal? Does this arise through attachment to a dock that is municipally assessed? If so, is it deductible against other taxes or can it be offset against other taxes? Can the YC use these assessments to lower its ppty tax and credit the member? Do any of you have any tea you can fling into the harbour? Has King George been reincarnated into the State House?

Property taxes apply to all boats above a certain length and are paid by the owner. In certain CA municipal/county jurisdictions in publicly-owned marinas, taxes are levied on the slip holder for use of the water in the slip, irrespective of the fact that the slip holder must also pay rent on the slip. All of these taxes are generally deductible by the individual, just the same as any property tax. I do not know the intricacies of Yacht Club-owned slips. I'm sure that's another bag of worms. King Jerry is most definitely reincarnated and is trying to make life difficult for all CA taxpayers.

But Ya still can't beat the weather

Yo Boothy what would you pay to have Kalifornia Weather where you are ?? (it's really all you are saving)

[axolotl]

Rue the day when you get two Kali Counties demanding property tax simultaneously.

I bought my boat from a private party in Orange County, where it had lived for decades, and kept it in Orange County, where I'd lived for a decade. Lo and behold, I got a tax bill from Orange *and* Los Angeles County! Took a year to resolve it.

Turns out the bank where I got my loan was inexperienced concerning sailboat loans. For example, they requested I obtain a "Verification of Navigation Lights" document from the Coast Guard prior to approving the loan, the marine surveyor's report wasn't good enough. The Coast Guard had never heard of such a thing.

Anywhoo', the root of the problem was although the transaction physically occurred at the Bank's Orange County branch, the bank processed the loan at their branch in Los Angeles and reported the transaction physically occurred in LA to the LA County Assessor. Nit-wits.

[SailBlueH2O]

So much for the spirit in the name of...

this web site...


the thing about all governments asking for monies for all sort of well meaning...


is that they a have a long history of not proving the ability of managing the monies already recieved.....

[DoRag]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

Wowser!

Now, what exactly would be the tax advantage of using a corporate entity? And what would be teh business of taht corporation?

You really don't know what you are talking about, do you?

[DoRag]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

Tell us, just how would that work?

What would be the business purpose for the LLC?

What revenuse would this entity have? Shareholders - how amny of those do you need? How about annual meetings, formal minutes written and filed, tax returns filed?

Huh?

WTF?

You must be some kind of legal mind....or not.

[Clove Hitch]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

Tell us, just how would that work?

What would be the business purpose for the LLC?

What revenuse would this entity have? Shareholders - how amny of those do you need? How about annual meetings, formal minutes written and filed, tax returns filed?

Huh?

WTF?

You must be some kind of legal mind....or not.

You sure are a dumb fuck for some rich geezer that made a bunch of money in business or whatever the hell. You don't need share holders, you need a board. The board can be crew and board meetings held at bars.

[DoRag]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

Tell us, just how would that work?

What would be the business purpose for the LLC?

What revenuse would this entity have? Shareholders - how amny of those do you need? How about annual meetings, formal minutes written and filed, tax returns filed?

Huh?

WTF?

You must be some kind of legal mind....or not.

You sure are a dumb fuck for some rich geezer that made a bunch of money in business or whatever the hell. You don't need share holders, you need a board. The board can be crew and board meetings held at bars.

Really?

You don't need shareholders?

Ahhhhhhhh.... just who would own this little corporation of yours?

[Clove Hitch]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

Tell us, just how would that work?

What would be the business purpose for the LLC?

What revenuse would this entity have? Shareholders - how amny of those do you need? How about annual meetings, formal minutes written and filed, tax returns filed?

Huh?

WTF?

You must be some kind of legal mind....or not.

It may be news to you that not all corps are publicly traded, hence, no shareholders. I guess you didn't make your money in business or whatever the hell.



You sure are a dumb fuck for some rich geezer that made a bunch of money in business or whatever the hell. You don't need share holders, you need a board. The board can be crew and board meetings held at bars.

Really?

You don't need shareholders?

Ahhhhhhhh.... just who would own thios little corporation of yours?

It may be news to you that not all companies are publicly traded, hence they don't need shareholders. I guess you didn't make your money in business or whatever the hell after all.

[DoRag]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

Tell us, just how would that work?

What would be the business purpose for the LLC?

What revenuse would this entity have? Shareholders - how amny of those do you need? How about annual meetings, formal minutes written and filed, tax returns filed?

Huh?

WTF?

You must be some kind of legal mind....or not.

It may be news to you that not all corps are publicly traded, hence, no shareholders. I guess you didn't make your money in business or whatever the hell.



You sure are a dumb fuck for some rich geezer that made a bunch of money in business or whatever the hell. You don't need share holders, you need a board. The board can be crew and board meetings held at bars.

Really?

You don't need shareholders?

Ahhhhhhhh.... just who would own thios little corporation of yours?

It may be news to you that not all companies are publicly traded, hence they don't need shareholders. I guess you didn't make your money in business or whatever the hell after all.

Yes, your 'fact' that a corporation doesn't need shareholders would indeed be news. News to everyone!

[Clove Hitch]

Yes, your 'fact' that a corporation doesn't need shareholders would indeed be news. News to everyone!

You should hush now. It's better to keep your mouth shut and let people think you are a fool than to open it and prove them right.

[PeterHuston]

Yes, your 'fact' that a corporation doesn't need shareholders would indeed be news. News to everyone!

You should hush now. It's better to keep your mouth shut and let people think you are a fool than to open it and prove them right.

Seeing as SA is based in California, let's stick with California corporate formation filing requirements for the moment.

You might want to take a look at this link and then get back to us on Corporation and LLC and shareholder requirements.

http://www.sos.ca.gov/business/be/filing-tips-corp.htm#artsstk

[Clove Hitch]

Yes, your 'fact' that a corporation doesn't need shareholders would indeed be news. News to everyone!

You should hush now. It's better to keep your mouth shut and let people think you are a fool than to open it and prove them right.

Seeing as SA is based in California, let's stick with California corporate formation filing requirements for the moment.

You might want to take a look at this link and then get back to us on Corporation and LLC and shareholder requirements.

http://www.sos.ca.go...orp.htm#artsstk

I've heard that Delaware is a popular state to form an LLC, even if you aren't in Delaware. You might want to take a look at that.

[PeterHuston]

Yes, your 'fact' that a corporation doesn't need shareholders would indeed be news. News to everyone!

You should hush now. It's better to keep your mouth shut and let people think you are a fool than to open it and prove them right.

Seeing as SA is based in California, let's stick with California corporate formation filing requirements for the moment.

You might want to take a look at this link and then get back to us on Corporation and LLC and shareholder requirements.

http://www.sos.ca.go...orp.htm#artsstk

I've heard that Delaware is a popular state to form an LLC, even if you aren't in Delaware. You might want to take a look at that.

OK...I'll play.

For a Delaware LLC you need at least one owner, which is a shareholder by definition.
http://revenue.delaware.gov/services/Business_Tax/business_structures_table.pdf

Anything else you want to try?

[Clove Hitch]

OK...I'll play.

For a Delaware LLC you need at least one owner, which is a shareholder by definition.
http://revenue.delaw...tures_table.pdf

Anything else you want to try?

Wow, one owner that is technically a shareholder. I suppose you win. congrats!

[DoRag]

OK...I'll play.

For a Delaware LLC you need at least one owner, which is a shareholder by definition.
http://revenue.delaw...tures_table.pdf

Anything else you want to try?

Wow, one owner that is technically a shareholder. I suppose you win. congrats!

You know, you and NorCallaser are really silly. You "suppose" I win?

WTF?

How foolish do you feel? BTW, Dano will help you all about business orgs, laws, libel and BKs....

[DoRag]

Yes, your 'fact' that a corporation doesn't need shareholders would indeed be news. News to everyone!

You should hush now. It's better to keep your mouth shut and let people think you are a fool than to open it and prove them right.

Seeing as SA is based in California, let's stick with California corporate formation filing requirements for the moment.

You might want to take a look at this link and then get back to us on Corporation and LLC and shareholder requirements.

http://www.sos.ca.go...orp.htm#artsstk

I've heard that Delaware is a popular state to form an LLC, even if you aren't in Delaware. You might want to take a look at that.

Oh, so now you're an expert on a Delaware LLC vs, say, a CA LLC?

I think not.

[One eye Jack]

1344222574[/url]' post='3813992']

1344213005[/url]' post='3813809']

1344212920[/url]' post='3813808']

1344211397[/url]' post='3813786']

1344210887[/url]' post='3813775']
Yes, your 'fact' that a corporation doesn't need shareholders would indeed be news. News to everyone!

You should hush now. It's better to keep your mouth shut and let people think you are a fool than to open it and prove them right.

Seeing as SA is based in California, let's stick with California corporate formation filing requirements for the moment.

You might want to take a look at this link and then get back to us on Corporation and LLC and shareholder requirements.

http://www.sos.ca.go...orp.htm#artsstk

I've heard that Delaware is a popular state to form an LLC, even if you aren't in Delaware. You might want to take a look at that.

Oh, so now you're an expert on a Delaware LLC vs, say, a CA LLC?

I think not.

Delaware is a haven for corporations.. Most large companies are incorporated in Deleware like Standard oil.. The taxes are extremely low... I was an llc in Deleware and you don't need to tell who your officers are..it's the law. I was paying about 300 bucks a year for my llc fees and that's it.. They don't care who you are or where you are from. Nevada is the same way. If you investigate ,a lot of the large boats are incorporated, so when the design becomes to out dated or for what ever reason, the owner will just let the boat go..who wants to buy an outdated boat? And the repo or what ever won't go on the owners personal credit..also if there is any court case, as in being sued, the LLC or the or corporation takes the hit, and not you. There are many advantages to not incorporate in California as in taxes..I bet with the TP52s you will possibly see that done, and you saw it with the old IOR boats, as the rating changed all of the time

[Jim Conlin]

California's problem is that some residents have deluded themselves into thinking that government does not need to be paid for. It does, and you're on the hook. HTFU and pay the bill.

[DoRag]

California's problem is that some residents have deluded themselves into thinking that government does not need to be paid for. It does, and you're on the hook. HTFU and pay the bill.

Do you mean the bill for all the entitlements of government workers and the unions? Those bills?

Or do you meant the bill for all the illegals?

Or all the welfare recipients? That bill?

Which bill are you talking about?

Cali is bankrupt. The govenment has spent the future and can't service the debt.

[2high2tight]

Ok, I'm payin! Alameda County has inmates to feed.

[DA-WOODY]

Ok, I'm payin! Alameda County has inmates to feed.

Romney Gets Property Tax Relief For La Jolla Home

Presidential Candidate Mitt Romney Saved $109K In Property Taxes In Past 4 Years, Los Angeles Times Reported


POSTED: 8:12 am PDT August 6, 2012UPDATED: 6:53 pm PDT August 6, 2012

http://www.10news.co...534/detail.html


LA JOLLA, Calif. -- Presumptive GOP presidential nominee Mitt Romney and his wife, Ann, asked San Diego County for property tax relief after paying cash for their $12 million Mediterranean-style beachfront La Jolla home in 2008, it was reported Monday.



San Diego County assessor records show the Romneys' asked that their 2009 assessment, $12.24 million, be reduced to $6.8 million, maintaining that their home had lost about 45 percent of its value in the first seven months they owned it, according to a Los Angeles Times report.


Thirteen months later, after hiring an attorney to guide them, the Romneys filed an amended appeal, contending the home had suffered a less-dramatic fall of 27.3 percent, to $8.9 million.

The Times reported that the couple filed an appeal for the 2010 tax year, claiming the house had dropped further, to $7.5 million, 38.7 percent less than the home's assessed value. As a result, the Romneys have saved about $109,000 in property taxes over four years, according to The Times.

Romney's wealth is estimated at $250 million. He has rejected calls from Democrats and Republicans to release his income tax returns prior to 2010.

"Did Romney's resources get him to the front of the line?" asked 10News reporter Michael Chen.

San Diego County Assessor Ernie Dronenburg replied, "No."

Dronenburg told 10News the process Romney went through is something any homeowner can apply for -- online and free, with no attorney needed.

State laws say if the market value of a home falls below the assessed value, the homeowner can apply for a property tax break.

In April, a 10News I-Team investigation revealed many homeowners are not getting relief. Of the roughly 300,000 homes that qualify, 52 percent of them had their assessed values reduced, leaving 48 percent that have not received the savings.

Dronenburg said while his office has, on its own, lowered 200,000 assessments in the past two years, they have not got to all of them.

"It's just an issue of resources," he said.

Dronenburg said his office is catching up, and he predicted most of those qualifying for savings will receive them by the end of this year.

While Romney is still saving money, it might not last long. He has applied to quadruple the size of his home and plans to added a car elevator.

"That's a significant increase in floor space and size of home and will accrue market value," said Dronenburg.

Renovation plans for Romney's home are on hold pending the end of the presidential election.

The attorney handling Romney's tax issue didn't return 10News' calls seeking comment.

Since the real estate market crashed, about 250,000 San Diego County homes have been reassessed at lower values.

Please visit the county's website, Property Tax Assessment Appeals for more information.


What an MR

[NorCalLaser]

transfer ownership of the boat to an llc or llp. it can have tax advantages for sure

how much would the tax be for a say, $30k boat?

Tell us, just how would that work?

What would be the business purpose for the LLC?

What revenuse would this entity have? Shareholders - how amny of those do you need? How about annual meetings, formal minutes written and filed, tax returns filed?

Huh?

WTF?

You must be some kind of legal mind....or not.

It may be news to you that not all corps are publicly traded, hence, no shareholders. I guess you didn't make your money in business or whatever the hell.



You sure are a dumb fuck for some rich geezer that made a bunch of money in business or whatever the hell. You don't need share holders, you need a board. The board can be crew and board meetings held at bars.

Really?

You don't need shareholders?

Ahhhhhhhh.... just who would own thios little corporation of yours?

It may be news to you that not all companies are publicly traded, hence they don't need shareholders. I guess you didn't make your money in business or whatever the hell after all.

jeez dorag, you really are dumb as dog shit

[DoRag]

Forget the juvenile language.

You have been shown where you are wrong. You need to accept that and stay away from conversations over your silly little head.

[SailBlueH2O]

anyone that can save on property taxes or any taxes for that matter is doing the right thing....after all the PROBLEM is not that the governments DON'T have enough tax dollars....

IT IS that collectively government at all levels have a bilge water sucking track record managing their tax dollars