Page 2 of 5 FirstFirst 1234 ... LastLast
Results 11 to 20 of 41
  1. #11
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    6,906

    Default

    man oh man. I'll echo the others in that it's nuts...

    I wouldn't have ever owned a boat if I was spending over a few hundred in registration costs each year.
    my "long discussion" with the CFO would be how to sell the boat.
    '06 Supra Launch 20SSV-gone but never forgotten

  2. #12
    Join Date
    May 2018
    Posts
    4,720

    Default Property Taxes on Boats

    https://dor.sc.gov/tax/casual-excise

    In the first part of this description, I see it says not to exceed $500.


    Sent from my iPhone using Tapatalk
    Last edited by larry_arizona; 01-10-2023 at 12:58 PM.
    2021 Supra SA 400
    2018 Supra SA 400 (SOLD)
    Michigan

  3. #13
    Join Date
    Apr 2012
    Location
    Lexington, SC
    Posts
    484

    Default

    @larry that's the tax I the DNR payed when I purchased the boat. There is also an annual tax at 10.5% of fair market value which goes to the county as a property tax.

    https://www.dorchestercountysc.gov/g...low%20criteria.
    2023 SL400

    previous - 2000 SAN210

  4. #14
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    6,906

    Default

    Quote Originally Posted by larry_arizona View Post
    https://dor.sc.gov/tax/casual-excise

    In the first part of this description, I see it says not to exceed $500.
    I saw that when I looked as I couldn't believe it was that much. as near as I could figure out, what you posted is just on the actual purchase. there's a yearly tax on the boat similar to car registration only they call it a use tax and then charge a fee for the numbers on the side.
    go here and plug in a 180k boat in the "other" and see what you get: http://www.lex-co.com/scripts/cgiip....ng/vTaxEst.htm

    nevada is similar in that our cars get charged a "registration" and then a tax on the vehicle based on nada value but it's nowhere near what SC is charging. our 2020 camaro ss runs us $600/yr on a 45k ride. boats don't pay it as it's vehicle not watercraft. taxes go to roads afaik. looks like SC is using it to fund schools.

    ** edit mgs replied prior to me
    Last edited by sandm; 01-10-2023 at 01:19 PM.
    '06 Supra Launch 20SSV-gone but never forgotten

  5. #15
    Join Date
    Aug 2021
    Location
    Knoxville
    Posts
    311

    Default

    Send me your title and a check for TN registration. I will mail you back reg numbers and a bill of sale for boat. Dont let the man get you! Thats rediculous ! One time tax on purchase and then a 3 year reg sticker is about 100 bucks here. Hate that SC is tryin to bend you over on that. I just picked up my boat last night and gonna have to shell out about 7k on taxes for it when I go register it.
    2019 Craz
    Stock for now but not for long!

  6. #16
    Join Date
    Apr 2012
    Location
    Lexington, SC
    Posts
    484

    Default

    @Mxmark4, I've looked into other states where family live, but I do not have the title, the bank does. If I had the title I would look at possibly selling to a friend or family out of state.
    2023 SL400

    previous - 2000 SAN210

  7. #17
    Join Date
    Jan 2021
    Location
    Columbus, Ohio
    Posts
    1,090

    Default

    Check with a tax pro.
    It reads on other sites that SC uses 10.5% of the value and then taxes that value at some rate based on county.

    Total tax bill should be 2% or less of total boat value.

    However, I'm in Ohio. $65 for 3 yrs on watercraft reg
    2015 Moomba Mojo Surf Edition
    4,000lbs
    Manual Flow

  8. #18
    Join Date
    Nov 2020
    Posts
    367

    Default

    Quote Originally Posted by Holdmybeer View Post
    Check with a tax pro.
    It reads on other sites that SC uses 10.5% of the value and then taxes that value at some rate based on county.

    Total tax bill should be 2% or less of total boat value.

    However, I'm in Ohio. $65 for 3 yrs on watercraft reg
    Thatís what NC does.

    We pay max of like $1,200 sales tax or 7% or something like that.

    Then our trailer and boat registration for 4 years isnít terrible. A few hundred dollars.

    Then we pay annual property taxes based on the county where the vessel is registered at.

    For example, we live in orange county, which a the budgets taxed county in NC. My brother lives in Charlotte and thatís Mecklenberg and taxed much lower.

    We use the boat in Orange but itís registered in Mecklenberg saving ~$150 a year. Our yearly tax rate is ~$650 on the boat.

    Been here for 10 years and NC is also the only state Iíve lived in where we pay property taxes on vehicles. So that sucks too.

    For your sakes, Iím hoping theyíre incorrect. Because 10k a year in taxes is more than I pay for our home in the highest taxed NC county. Thatís wild


    Sent from my iPhone using Tapatalk

  9. #19
    Join Date
    Aug 2021
    Location
    Knoxville
    Posts
    311

    Default

    In TN we dont have titles either. Bank just has a lein on it. A bill of sale to family in another state could get you by possibly as long as your bank didnt find out. Maybe a Montana LLc the way giys do to avoid tax on exotic cars?
    2019 Craz
    Stock for now but not for long!

  10. #20
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    6,906

    Default

    Quote Originally Posted by Mxmark4 View Post
    Maybe a Montana LLc the way giys do to avoid tax on exotic cars?
    I have seen several lambos and Ferraris here in sin city with Montana plates. Now I know why
    '06 Supra Launch 20SSV-gone but never forgotten

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •