Carpediem44DB
Well-Known Member
- Aug 18, 2015
- 3,230
- Boat Info
- 2000 Carver 506
2006 44 DB Sedan Bridge
- Engines
- Volvo TAMD 74 P
Friends of mine that own aircraft are quite annoyed this year. They are opening their county tax invoices for personal property taxes and finding that the county is arbitrarily nearly doubling the taxable value of their planes! It is true that many aircraft models have nearly doubled in market value over the last couple of years but we have never seen the assessors take advantage of it to this extent.
I received the tax bill for my 506. I reported the purchase voluntarily to the assessor at the $270,000 value that I paid for it. I bought it in an LLC so there legally was no sales tax owed but those bastards added what the tax would have been and added it to the value! I got a bill for $3600 for the property tax!
Have you guys seen the tax assessors in your area try to re-assess your boat value due to recent market price increases?
Carpe Diem
I received the tax bill for my 506. I reported the purchase voluntarily to the assessor at the $270,000 value that I paid for it. I bought it in an LLC so there legally was no sales tax owed but those bastards added what the tax would have been and added it to the value! I got a bill for $3600 for the property tax!
Have you guys seen the tax assessors in your area try to re-assess your boat value due to recent market price increases?
Carpe Diem